As inflation slows but prices remain relatively high, and with the U.S. gaining 336,000 jobs in September, WalletHub has unveiled its latest rankings for Changes in Unemployment Rate by State. In an effort to assess how unemployment rates are evolving across the United States, WalletHub compared the 50 states and the District of Columbia based on six key metrics that evaluate unemployment rate statistics from September 2023 in comparison to key dates in 2023, 2022, 2020, and 2019.
According to the report, Texas ranked as the 8th Worst State in terms of changes in the unemployment rate. Here are the key findings for Texas:
- Overall rank for Texas: 44th
- 0.43% Change in Unemployment (September 2023 vs. August 2023)
- 625,522 unemployed people in September 2023 vs. 622,845 in August 2023
- 10th best change in the U.S.
- 11.54% Change in Unemployment (September 2023 vs. September 2022)
- 625,522 unemployed people in September 2023 vs. 560,829 in September 2022
- 9th worst change in the U.S.
- -42.19% Change in Unemployment (September 2023 vs. September 2020)
- 625,522 unemployed people in September 2023 vs. 1,082,014 in September 2020
- 9th worst change in the U.S.
- 25.84% Change in Unemployment (September 2023 vs. September 2019)
- 625,522 unemployed people in September 2023 vs. 497,073 in September 2019
- 5th worst change in the U.S.
- -6.92% Change in Not Seasonally Adjusted Continued Claims (September 2023 vs. August 2023)
- 131,645 continued claims in September 2023 vs. 141,427 in August 2023
- 18th worst change in the U.S.
- 4.1% Unemployment Rate (September 2023)
- 9th highest unemployment rate in the U.S.
These rankings offer insights into how the unemployment situation in Texas compares to other states in the country, with September 2023 data revealing both improvements and challenges in the labor market.
