Unemployment could be a serious problem in certain areas. It causes food insecurity, debt issues, poverty, and inequality of opportunity among all United States citizens. In places like this, people may need to rely on unemployment insurance benefits. However, they do not last for a long time. Most states may have as many as 26 weeks. It is just about half a year.
Having more debt also implies paying a lot of money on interest rates. If you pay so, you are certainly falling behind your retirement savings. Not saving enough for whatever your savings account type is will make a poorer retirement. Unemployment will also force people to claim the Supplemental Nutrition Assistance Program or SNAP, the former Food Stamps.
Which is the state with the highest unemployment rate in the USA in March 2023?
According to a recent report from the Bureau of Labor Statistics, the state of Nevada is the one that has the highest unemployment rate. This unemployment rate reaches 5.5% on March 1, 2023. Last year, the state of Nevada also had the highest unemployment rate. It reached 5.4%, much higher than the average figure for all of the USA.
The unemployment rate for the USA was just 3.6%. Luckily, only eight states in the USA have higher jobless rates. In addition to this, 21 states had lower rates while the other 21 had similar rates to that of the whole nation. The District of Columbia had higher rates though. So, those living in the state of Nevada are the ones that have fewer employment opportunities.
Which are the states that have fewer jobless citizens?
Both states, North Dakota and South Dakota have the lowest unemployment rates. In the first place, you can find North Dakota with just 2.1% while in the second place, South Dakota is quite close with just 2.2%. Luckily, those citizens who live there have more chances to have a job and in case they lose it they do not have to be afraid because they can easily find one.
Going back to the states that have fewer employment options and therefore more unemployment, Oregon comes second after Nevada. There is a 4.8% of people that cannot find a job. Illinois comes third and they have a 4,6 unemployment rate. Some experts believe that the main reason to have such high unemployment rate could be due to the gaming industry. Another reason could be the high number of people living there. Let us hope the situation becomes better for those looking for a job in Nevada.