Originally published by WalletHub.
With inflation remaining high and the U.S. gaining 236,000 jobs in March, fewer than in the previous month, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State, along with a WalletHub Q&A.
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.
Below, you can see highlights from the report, along with a WalletHub Q&A.
Unemployment Change in Maryland:
- -6.52% Change in Unemployment (March 2023 vs February 2023)
- 86,326 unemployed people in March 2023 vs 92,348 in February 2023;
- 8th best change in the U.S.
- -15.43% Change in Unemployment (March 2023 vs March 2022)
- 86,326 unemployed people in March 2023 vs 102,073 in March 2022;
- 2nd best change in the U.S.
- -27.43% Change in Unemployment (March 2023 vs March 2020)
- 86,326 unemployed people in March 2023 vs 118,952 in March 2020;
- 12th best change in the U.S.
- -24.95% Change in Unemployment (March 2023 vs March 2019)
- 86,326 unemployed people in March 2023 vs 115,028 in March 2019;
- 9th best change in the U.S.
- 2.20% Change in Not Seasonally Adjusted Continued Claims (March 2023 vs February 2023)
- 22,244 continued claims in March 2023 vs 21,766 in February 2023;
- 5th worst change in the U.S.
- 2.7% Unemployment Rate (March 2023)
- 13th lowest unemployment rate in the U.S.
