Report: Mississippi has the 5th largest increase in unemployment due to COVID-19
With the U.S. experiencing an extremely high number of initial unemployment claims, WalletHub today released updated rankings for the States with the Biggest Increases in Unemployment Due to Coronavirus.
To identify which states have experienced the largest unemployment increases, WalletHub compared the 50 states and the District of Columbia across two key metrics. These metrics compare initial unemployment claim increases for the week of March 30, 2020 to both the same week in 2019 and the first week of 2020.
According to WalletHub, Mississippi had an increase in the number of unemployment insurance initial claims from 949 the week of April 1, 2019 to 46,504 the week of March 30, 2020 — the 8th highest increase in the U.S.
Also, the number of unemployment insurance initial claims from 1,178 in the first week of the year to 46,504 the week of March 30, 2020. 5th highest increase in the U.S.
WalletHub analyst Jill Gonzalez said there are things that the state can do to minimize the rise in rates.
“States should aggressively focus on helping the companies in the most need,” Gonzalez said. “The federal response will include sending checks to most citizens, even those whose income has not been affected by the coronavirus. States can use a more targeted approach to divert resources to the companies affected the most, thus having maximum impact for the money spent.”