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Monday, December 20, 2021
Hawaii--2nd Lowest Job Growth in USA
By Selected News Articles @ 4:13 AM :: 3721 Views :: Economy, Hawaii Statistics, Labor, COVID-19

States Whose Unemployment Rates Are Bouncing Back Most

Wallet Hub, Dec 17, 2021

November’s jobs report showed a slowdown in job growth. The economy gained 210,000 nonfarm payroll jobs, compared to 546,000 the previous month. In November, there were notable gains in sectors including professional and business services, transportation and warehousing, construction, and manufacturing.

Now, the U.S. unemployment rate sits at 4.2%, which is still higher than it was before the pandemic but is much lower than the nearly historic high of 14.8% in April 2020. This overall drop can be attributed largely to a combination of vaccinations and states loosening restrictions. It will take far more time for us to reduce the unemployment rate to pre-pandemic levels than it did for the virus to reverse over a decade of job growth, though.

In order to identify the states whose unemployment rates are bouncing back most, WalletHub compared the 50 states and the District of Columbia based on five key metrics that compare unemployment rate statistics from the latest month for which data is available (November 2021) to key dates in 2019 and 2020.

read … Full Report

Overall Rank  50
State Hawaii
Unemployment Rate (November 2021)  6.00%
Change in Unemployment (November 2021 vs November 2019)  167.20%
Change in Unemployment (November 2021 vs January 2020)  179.20%
Change in Unemployment (November 2021 vs November 2020)  -43.00%
Not Seasonally Adjusted Continued Claims (November 2021 vs November 2019)  95.70%
Recovery from Unemployment (November 2021 vs November 2019)  51
Recovery from Unemployment (November 2021 vs January 2020)  51
Recovery from Unemployment (November 2021 vs November 2020)  5

 

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