Visualizing Data: Unemployment by State - July 2020 Report
Cresa's fourth unemployment update since March arrives today with new Bureau of Labor Statistics data from each state for the month of July.
35 states are in "recovery" as their unemployment rates have improved (some much better than others) since last month. On average, the unemployment rate still sits around 9-10 percent for the country as states attempt to safely reopen their businesses. Overall, we aren't seeing the 20%+ unemployment rates we were seeing earlier in the summer which is reassuring.
Highest Unemployment Rates for March
1. Massachusetts: 16.1%
2. New York: 15.9%
3. Nevada: 14.0%
Highest Unemployment Rates for April
1. Michigan: -6.2%
2. Indiana: -3.3%
3. Colorado: -3.2%
Note: Rates shown are a percentage of the labor force. Data refer to place of residence. Estimates for the current month are subject to revision the following month.
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Data Source: Bureau of Labor Statistics