With inflation remaining high and the U.S. adding 311K jobs in February, WalletHub released updated rankings for its report on Changes in Unemployment Rate by State.

To gauge how unemployment rates are evolving throughout the U.S., WalletHub compared unemployment rate statistics in 50 states and the District of Columbia using six key metrics. These metrics compare unemployment rate statistics from February 2023 to key dates in 2022, 2020, and 2019.

The following is an overview of the report.

Unemployment Change in Wisconsin:

  • -5.74% Change in Unemployment (February 2023 vs January 2023)
    • 82,916 unemployed people in February 2023 vs 87,962 in January 2023;
    • 4th best change in the U.S.
       
  • -8.66% Change in Unemployment (February 2023 vs February 2022)
    • 82,916 unemployed people in February 2023 vs 90,778 in February 2022;
    • 25th best change in the U.S.
       
  • -11.15% Change in Unemployment (February 2023 vs February 2020)
    • 82,916 unemployed people in February 2023 vs 93,325 in February 2020;
    • 20th best change in the U.S.
       
  • -12.24% Change in Unemployment (February 2023 vs February 2019)
    • 82,916 unemployed people in February 2023 vs 94,481 in February 2019;
    • 18th best change in the U.S.
       
  • -2.62% Change in Not Seasonally Adjusted Continued Claims (February 2023 vs January 2023)
    • 35,489 continued claims in February 2023 vs 36,445 in January 2023;
    • 13th best change in the U.S.
       
  • 2.7% Unemployment Rate (February 2023)
    • 10th lowest unemployment rate in the U.S.

The full report and the rankings of other states can be found at: https://wallethub.com/edu/states-unemployment-rates/74907