Originally published by WalletHub.
With inflation remaining high and the U.S. gaining 339,000 jobs in May, more than in the previous month, WalletHub today released updated rankings for its report on Changes in the 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 (May 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:
- -4.17% Change in Unemployment (May 2023 vs April 2023)
- 75,503 unemployed people in May 2023 vs 78,785 in April 2023;
- 11th best change in the U.S.
- -24.21% Change in Unemployment (May 2023 vs May 2022)
- 75,503 unemployed people in May 2023 vs 99,624 in May 2022;
- 2nd best change in the U.S.
- -73.37% Change in Unemployment (May 2023 vs May 2020)
- 75,503 unemployed people in May 2023 vs 283,480 in May 2020;
- 17th best change in the U.S.
- -32.62% Change in Unemployment (May 2023 vs May 2019)
- 75,503 unemployed people in May 2023 vs 112,062 in May 2019;
- 4th best change in the U.S.
- -3.90% Change in Not Seasonally Adjusted Continued Claims (May 2023 vs April 2023)
- 18,969 continued claims in May 2023 vs 19,738 in April 2023;
- 24th worst change in the U.S.
- 2.4% Unemployment Rate (May 2023)
- 9th lowest unemployment rate in the U.S.
Source: WalletHub
