Alabama Is the State with the 9th Best Unemployment Rate Change – WalletHub Study

MIAMI, FL-With the U.S. having gained 142,000 jobs in August, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State, along with expert commentary.

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 (August 2024) to key dates in 2024, 2023, 2020 and 2019.

Unemployment Change in Alabama:

• Overall rank for Alabama: 9^th
• 0.08% Change in Unemployment (August 2024 vs July 2024)
  • 66,619 unemployed people in August 2024 vs 66,566 in July 2024;
  • 13^th best change in the U.S.
• 13.74% Change in Unemployment (August 2024 vs August 2023)
  • 66,619 unemployed people in August 2024 vs 58,570 in August 2023;
  • 18^th worst change in the U.S.
• -53.70% Change in Unemployment (August 2024 vs August 2020)
  • 66,619 unemployed people in August 2024 vs 143,879 in August 2020;
  • 21^st best change in the U.S.
• -0.85% Change in Unemployment (August 2024 vs August 2019)
  • 66,619 unemployed people in August 2024 vs 67,192 in August 2019;
  • 17^th best change in the U.S.
• -3.36% Change in Not Seasonally Adjusted Continued Claims (August 2024 vs July 2024)
  • 10,876 continued claims in August 2024 vs 10,511 in July 2024;
  • 24^th worst change in the U.S.
• 2.8% Unemployment Rate (August 2024)
  • 7^th lowest unemployment rate in the U.S.

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

Media Release/Diana Polk/WalletHub