WASHINGTON, DC-The U.S. reduced unemployment to record lows last year, though it has experienced fluctuations and an overall rise since then. Most recently, the job market continued to falter, with new unemployment claims increasing by 1.4% week-over-week on October 28. There are currently 7 million Americans unemployed in total, and it’s important to look at some key stats for the latest week to get the complete picture:
- Every state had unemployment claims last week that were higher than in the previous week except for Vermont, Delaware, Tennessee, New York, New Mexico, Indiana, Maryland, South Carolina, Washington, North Carolina, Oklahoma, Mississippi, Alabama, Arizona, Arkansas, Hawaii, New Hampshire, Nebraska, Florida, Missouri and Georgia.
- While there was an increase in weekly claims nationally, 36 states (including Delaware, New Hampshire, and Hawaii) had unemployment claims last week that were better than the same week last year.
The unemployment situation in Alabama is improving, with last week’s claims 8.79% lower than in the previous week and 17.97% lower than last year, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Increasing the Most.
Unemployment Situation in Alabama (1=Worst; 25=Avg.):
- Overall Rank for Alabama: 45th
- 43rd – Unemployment Claims Increase vs. Previous Week
- 45th – Unemployment Claims Increase vs. Same Week Last Year
- 38th – Cumulative Unemployment Claims in 2024 vs. Same Period Last Year
- 37th – Unemployment Claims per 100,000 People in Labor Force
Media Release/Diana Polk/WalletHub
