In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Friday, August 21, 2020

BLS: July Unemployment rates down in 30 states; 3 States at New Series Highs

by Calculated Risk on 8/21/2020 02:06:00 PM

From the BLS: Regional and State Employment and Unemployment Summary

Unemployment rates were lower in July in 30 states, higher in 9 states, and stable in 11 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. All 50 states and the District had jobless rate increases from a year earlier. The national unemployment rate fell by 0.9 percentage point over the month to 10.2 percent but was 6.5 points higher than in July 2019.
...
Massachusetts had the highest unemployment rate in July, 16.1 percent, followed by New York, 15.9 percent. The rates in Connecticut (10.2 percent), New Mexico (12.7 percent), and New York (15.9 percent) set new series highs. (All state series begin in 1976.) Utah had the lowest unemployment rate, 4.5 percent, followed by Nebraska, 4.8 percent, and Idaho, 5.0 percent.
emphasis added
State UnemploymentClick on graph for larger image.

This graph compares the unemployment rate in two lockdown states (New York and New Jersey), and two early open states (Florida and Texas).

This will be interesting to track.   New York and New Jersey locked down, and then waited to reopen. Florida and Texas reopened sooner.

Currently New York and New Jersey are averaging about 900 new positive cases per day, combined.

Florida and Texas are averaging about 11,500 cases per day.