With inflation remaining high and the U.S. gaining 236,000 jobs in March, fewer than in the previous month, WalletHub released updated rankings for its report on Changes in Unemployment Rate by State.
In order to take stock of how unemployment rates are changing throughout the U.S., WalletHub compared the 50 states and the District of Columbia based on six key metrics that compare unemployment rate statistics from the latest month for which data is available (March 2023) to key dates in 2023, 2022, 2020 and 2019.
“AI is impacting unemployment in various ways. On the one hand, AI is creating new jobs in fields such as data analysis, machine learning, and programming. On the other hand, AI is also causing job displacement as many tasks that were once performed by humans are now being automated,” said Jill Gonzalez, WalletHub Analyst. “Certain jobs in fields like journalism, higher education, graphic and software design are already at risk of AI replacement, and could lead to higher unemployment sooner rather than later.”
|Best Change in Unemployment||Worst Change in Unemployment|
|1. Nebraska||42. Michigan|
|2. South Dakota||43. Illinois|
|3. Montana||44. Hawaii|
|4. Wisconsin||45. Texas|
|5. Maryland||46. Delaware|
|6. North Dakota||47. California|
|7. Maine||48. Washington|
|8. Missouri||49. Oregon|
|9. Alabama||50. District of Columbia|
|10. Florida||51. Nevada|
To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-rates/74907
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.