Current Unemployment Statistics in the U.S.

The Covid-19 pandemic has had a devastating impact on the U.S economy with unemployment rates rising to 14.9 percent in April. Almost 16 million people were unemployed. This is almost four times the amount of people who were unemployed in March. Fortunately, the numbers have been dropping as businesses are reopening and lockdown restrictions are being eased.

In August 2020, the unemployment rate fell below 10% for the first time since March. The rate is currently 8.4% and the amount of unemployed people is estimated to be around 13.6 million. This is a major improvement from July’s 16.8 million. The number of unemployed people per job has dropped to 2.5 from 3.0 in June. While this is very far from the percentage rates in March, it is still a large improvement. These reductions have shown the reopening of the economy and hope for the future.

Unemployment rates have dropped in 41 states. Nebraska leads the states with a 4.0% unemployment rate and Nevada coming in at the back with a 13.2% unemployment rate. Now let’s take a look at each of the states.

We’ll be presenting August’s percentage rates in comparison to July’s percentage rates.

*These stats are according to the Bureau of Labour

  1. Alabama unemployment rate dropped from 7.9% to 5.6%
  2. Alaska’s unemployment rate dropped from 11.6% to 7.4%
  3. Arizona’s rate of unemployment dropped from 10.7% to 5.9%
  4. Arkansas’ unemployment rate increased from 7.1% to 7.4%
  5. California’s unemployment rate dropped from 13.5% to 11.4%
  6. Colorado’s unemployment rate dropped from 7.4% to 6.7%
  7. Connecticut’s unemployment rate dropped from 10.2% to 8.1%
  8. Delaware’s unemployment rate dropped from 10.5% to 8.9%
  9. District of Columbia’s unemployment rate remained at 8.5%
  10. Florida’s unemployment rate dropped from 11.4% to 7.4%
  11. Georgia’s unemployment rate dropped from 7.6% to 5.6%
  12. Hawaii’s unemployment rate dropped from 13.5% to 12.5%
  13. Idaho’s unemployment rate dropped from 5.1% to 4.2%
  14. Illinois’ unemployment rate dropped from 11.5% to 11.0%
  15. Indiana’s unemployment rate dropped from 7.9% to 6.4%
  16. Iowa’s unemployment rate dropped from 6.8% to 6.0%
  17. Kansas’ unemployment rate dropped from 7.2% to 6.9%
  18. Kentucky’s unemployment rate increased from 4.5% to 7.6%
  19. Louisiana’s unemployment rate dropped from 9.4% to 7.6%
  20. Maine’s unemployment rate dropped from 9.9% to 6.9%
  21. Maryland’s unemployment rate dropped from 7.8% to 6.9%
  22. Massachusetts’ unemployment rate dropped from 16.2% to 11.3%
  23. Michigan’s unemployment rate remained at 8.7%
  24. Minnesota’s unemployment rate dropped from 7.6% to 7.4%
  25. Mississippi’s unemployment rate dropped from 9.4% to 7.9%
  26. Missouri’s unemployment rate increased 6.9% to 7.0%
  27. Montana’s unemployment rate dropped from 6.5% to 5.6%
  28. Nebraska’s unemployment rate dropped from 4.9% to 4.0%
  29. Nevada’s unemployment rate dropped from 14.2% to 13.2%
  30. New Hampshire’s unemployment rate dropped from 8.0% to 6.5%
  31. New Jersey’s unemployment rate dropped from 14.2% to 10.9%
  32. New Mexico’s rate dropped from 12.7% to 11.3%
  33. New York’s unemployment rate dropped from 15.9% to 12.5%
  34. North Carolina’s unemployment rate dropped from 8.5% to 6.5%
  35. North Dakota’s unemployment rate dropped from 6.6% to 5.0%
  36. Ohio’s unemployment rate dropped from 9.0% to 8.9%
  37. Oklahoma’s unemployment rate dropped from 7.1% to 5.7%
  38. Oregon’s unemployment rate dropped from 10.4% to 7.7%
  39. Pennsylvania’s unemployment rate dropped from 12.5% to 10.3%
  40. Rhode Island’s unemployment rate increased from 11.3% to 12.8%
  41. South Carolina’s unemployment rate dropped from 8.7% to 6.3%
  42. South Dakota’s unemployment rate dropped from 6.4% to 4.8%
  43. Tennessee’s unemployment rate dropped from 9.7% to 8.5%
  44. Texas’ unemployment rate dropped from 8.0% to 6.8%
  45. Utah’s unemployment rate dropped from 4.5% to 4.1%
  46. Vermont’s unemployment rate dropped from 8.3% to 4.8%
  47. Virginia’s unemployment rate dropped from 7.9% to 6.1%
  48. Washington’s unemployment rate dropped from 10.2% to 8.5%
  49. West Virginia’s unemployment rate dropped from 10.0% to 8.9%
  50. Wisconsin’s unemployment rate dropped from 7.1% to 6.2%
  51. Wyoming’s unemployment rate dropped from 7.1% to 6.6%