Nevada Leads the Way in National Unemployment at 28.2 Percent
Wolf Richter of Wolf Street released a piece on May 22, 2020 highlighting national unemployment statistics.
According to Bureau of Labor Statistics, the unemployment rates for states in April ranged from “7.9% in Connecticut to a catastrophic 28.2% in Nevada.”
Richter noted that in Nevada’s case “the casinos and shows and hotels and everything that comes along with them have been put on ice, and people in the US and from around the world aren’t traveling to Nevada anymore to gamble.”
Additionally, Hawaii, another with a sizeable tourist industry, saw its unemployment rate skyrocket from 2.6 percent in March to 22.3 percent in April.
Richter outline what the unemployment scenario looked like in other states:
The unemployment rates of the big four states – they account for one-third of the total US population – are in the same double-digit middle-of-road-ish horrible range, middle-of-road within the spectrum from 7.9% to 28.2%, with unemployment rates of 12.8% in Texas, 12.9% in Florida, 14.5% in New York, and 15.5% in California.
The financial blogger posted a table showing the unemployment rates for each state in April (second column), along with the right by the rates of “partial-Covid” March (third column) and pre-Wuhan virus February (fourth column). The states are ordered from the lowest unemployment rate to the highest unemployment rate.
The state’s population (according to census 2019 estimates), which is stated in millions, is represented in the fifth column on the right.