Unemployment Continues To Increase, States Ranked With Biggest Increase

Indiana, Ohio, and Kentucky all ranked in the top 15.

(Washington, D.C.) - With the United States in the midst of unprecedented times, the response by government officials has led to social distancing policies to mitigate the spread of COVID-19. 

Unfortunately, this means that many businesses have been forced to close voluntarily or by government order.  

Some have been able to deal with this crisis by sending employees home to work; however, this is not an option for all businesses. 

With millions of Americans finding themselves out of a job, shown by the record number of initial unemployment insurance claims, WalletHub has taken this opportunity to compare numbers.

Since not all states have and are experiencing the levels of unemployment, WalletHub compared the 50 states and the District of Columbia across key metrics, "Increase in Number of Unemployment Insurance Initial Claims in 2020 vs. 2019" and "Increase in Number of Unemployment Insurance Initial Claims in 2020." 

INDIANA

Indiana received placed 3rd for the biggest increase in unemployment due to coronavirus. The Hoosier state saw a 7093.46% increase in unemployment claims for 2020 vs. 2019 and a 3198.22% increase in unemployment claims from March vs. January 2020.  

With those numbers, Indiana ranked 1st with the high increase of unemployment claims 2020 vs. 2019. 

KENTUCKY

The Bluegrass state came in behind Indiana with an overall rank of 8th. Kentucky had an increase of 5099.54% in unemployment claims for 2020 vs. 2019 and a 2078.28% increase in unemployment claims from March vs. January 2020.  

OHIO 

Ohio received a rank of #12 for the biggest increase in unemployment due to coronavirus. This rank was given after having a 4291.30%  increase in unemployment claims for 2020 vs. 2019 and a 2429.31% increase in unemployment claims from March vs. January 2020.  

Source: WalletHub

Increase in Indiana Unemployment Due to Coronavirus (1=Worst, 25=Avg.):

  • 7093.46% increase in the Number of Unemployment Insurance Initial Claims – from 2,033 the week of March 25, 2019 to 146,243 the week of March 23, 2020. Highest increase in the U.S.
     
  • 3198.22% increase in the Number of Unemployment Insurance Initial Claims – from 4,434 in the first week of the year to 146,243 the week of March 23, 2020. 7th highest increase in the U.S.

For more information, visit wallethub.com.

 

RELATED STORIES:

How The Tri-State Has Been Impacted By COVID-19

Stimulus Payments Expected To Begin In Coming Weeks

State Economies Ranked Based On Exposure To Coronavirus

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