Changes in Unemployment Rate by State – WalletHub Study

Staff Report

Monday, August 22nd, 2022

With inflation remaining high but the U.S. gaining 528,000 jobs in July, significantly more than in the previous month, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State, along with accompanying videos and audio files.

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 (July 2022) to key dates in 2022, 2021, 2020 and 2019.

Below, you can see highlights from the report, along with a WalletHub Q&A. 

Best Change in Unemployment 

Worst Change in Unemployment 

1. Minnesota

42. New Mexico

2. New Hampshire

43. Hawaii

3. Vermont

44. Michigan

4. Missouri

45. Texas

5. Florida

46. Alaska

6. Rhode Island

47. New York

7. Utah

48. Illinois

8. North Dakota

49. Kentucky

9. Nebraska

50. Delaware

10. Iowa

51. District of Columbia

To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-rates/74907