Monday, August 15, 2022
63.6 F
Oxnard
More

    Latest Posts

    United States Socialist Republic book by HG Goerner

    This Is The Outlook For The Unemployed In California

    Sponsored - Job Posting

    We are a small but mighty business in Ventura, CA specializing in Civil/Agricultural Engineering and Land Surveying. Going strong for over 35 years. Looking for motivated team players for immediate hire. Candidates must have at least 3 years of experience in Civil Engineering, Land Surveying, and AutoCAD Civil 3D. Must want to grow with the company. For the right person, management potential. Wages will depend on experience. Benefits include paid holidays, matching retirement plan & much more. Send resumes to: [email protected]

    YCE, Inc. is an Equal Opportunity Employer. Tel: 805-650-6995www.YCEinc.com

    The COVID-19 pandemic set off an economic crisis that pushed the U.S. unemployment rate to levels that rivaled the highs of the Great Depression. Fortunately, the recovery has been relatively rapid, and weekly initial unemployment claims in the United States have been below half a million since early May 2021. The last time they were below that threshold was in March 2020, when President Donald Trump declared a state of emergency for COVID-19.

    Whether brought about by a pandemic or not, unemployment is never desirable. However, in some states, conditions are more favorable for those who are out of work than in others. The quality of the labor market and strength of the social safety net, as well as the current speed of labor market recovery, are all factors that vary from state to state.

    Based on an index of these factors, California ranks as the sixth worst place to be unemployed. Due in part to expanded eligibility during the pandemic, the share of the unemployed population receiving benefits in California increased from 40.2% in 2019 to 95.6% in 2020. Meanwhile, the national 2020 recipiency rate stands at 77.6%, up from 27.7% the previous year. It is important to note that in some states, perhaps also due to expanded eligibility, the average number of people who received UI benefits in 2020 exceeds the average number of people who were unemployed over the course of the year.

    The average weekly unemployment benefit payout in California — not including the additional federal benefits that were added during the pandemic — totaled $308 in 2020, enough to cover 34.3% of the average weekly working wage in the state. For context, the average payout nationwide was $321 per week in 2020, or 38.3% of the average weekly wage.

    Over the course of the past year, the job market has been gaining momentum and overall employment nationwide climbed 13.4% between April 2020 and April 2021. In California, job gains were slower, as overall employment increased by 11.2% over the same period. Currently, the monthly jobless rate in California stands at 8.3%, higher than the April 2021 national unemployment rate of 6.1%.

    The index used to create this ranking incorporates four measures: unemployment benefit recipiency (the share of unemployed receiving UI), average weekly unemployment payments as a share of average wages, one-year employment growth, and the April unemployment rate. All data used in this ranking is from the U.S. Department of Labor. These are the best and worst states to be unemployed.

    Rank State Avg. share of employed pop. with unemployment benefits; 2020 (%) Avg. weekly benefit payout April 2021 unemployment (%) 1-yr. employment growth (%)
    1 Vermont 134.5 428 2.9 0.7
    2 Georgia 120.9 262 4.3 13.4
    3 Minnesota 107.8 387 4.1 5.8
    4 Iowa 91.3 367 3.8 3.7
    5 Maine 107.0 323 4.8 7.9
    6 Oklahoma 71.6 348 4.3 12.8
    7 Nevada 87.9 372 8.0 35.9
    8 New Hampshire 66.2 274 2.8 19.2
    9 Montana 80.8 322 3.7 7.1
    10 Michigan 79.6 308 4.9 27.6
    11 Massachusetts 96.2 409 6.5 22.9
    12 Kansas 67.3 375 3.5 12.1
    13 North Dakota 76.6 444 4.2 3.1
    14 Utah 55.8 387 2.8 9.0
    15 Hawaii 95.9 455 8.5 19.4
    16 Idaho 47.6 320 3.1 12.5
    17 Wisconsin 76.8 306 3.9 13.3
    18 Ohio 61.1 330 4.7 18.6
    19 Oregon 84.0 368 6.0 14.3
    20 Nebraska 61.3 305 2.8 1.7
    21 Kentucky 78.0 306 4.7 9.3
    22 South Dakota 42.4 322 2.8 7.2
    23 Indiana 63.5 236 3.9 19.6
    24 Alabama 56.4 242 3.6 13.4
    25 Washington 74.1 488 5.5 9.5
    26 Pennsylvania 86.6 352 7.4 11.0
    27 Missouri 58.7 245 4.1 12.9
    28 Rhode Island 79.3 327 6.3 12.1
    29 South Carolina 73.1 246 5.0 8.5
    30 Mississippi 79.8 187 6.2 17.0
    31 West Virginia 68.7 272 5.8 15.6
    32 Arkansas 63.0 242 4.4 5.5
    33 Tennessee 56.6 218 5.0 17.9
    34 New York 104.1 344 8.2 17.4
    35 Texas 66.5 371 6.7 12.4
    36 New Jersey 71.6 409 7.5 9.5
    37 Colorado 59.9 402 6.4 14.2
    38 Florida 44.9 234 4.8 16.1
    39 Virginia 69.8 277 4.7 3.4
    40 Delaware 69.7 251 6.4 11.5
    41 North Carolina 44.0 234 5.0 17.4
    42 Maryland 63.1 320 6.2 2.6
    43 Wyoming 50.3 418 5.4 1.9
    44 New Mexico 72.0 318 8.2 7.2
    45 California 95.6 308 8.3 11.2
    46 Illinois 66.4 304 7.1 13.5
    47 Alaska 87.6 252 6.7 7.4
    48 Louisiana 94.6 188 7.3 8.3
    49 Connecticut 98.7 312 8.1 -4.1
    50 Arizona 47.1 236 6.7 10.5

    Source: 

    Visit the The Center Square


    Get Citizensjournal.us Headlines free  SUBSCRIPTION. Keep us publishing – DONATE

    - Advertisement -
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest

    0 Comments
    Inline Feedbacks
    View all comments

    Latest Posts

    advertisement

    Don't Miss

    Subscribe

    To receive the news in your inbox

    0
    Would love your thoughts, please comment.x
    ()
    x