Monthly State Job Growth/Loss

[ABQalex]

I'm thankful for New Mexico's numbers but surprised that it gained that many jobs. The drop in oil and the loss of visitors and tourism are our state's biggest challenges as far as jobs go. Our state was one of the earliest to begin closures and put restrictions into place, so that isn't an answer for why New Mexico didn't lose jobs in this timeframe.

[Need4Camaro]

Originally Posted by Bubb Rubb

Yep. There needs to be a real real dark shade of red for what we will see for next month. It's not gonna look pretty.



Haha, its funny you bring that up because even with just the 2 weeks we were on lockdown for Q1 2020, the US economy shrunk 4.8%(!)

https://www.axios.com/us-gdp-shrinks...d8559a1d5.html

Now that we have all of April, and most likely May with the country being in this state, along with June being the opening up stage where, lets be real, not everything will be opening back up, we could see Great Depression type numbers.

Buckle in folks. We're in for a wild ride.

Yeah. I dont expect things to be normal for a long time unfortunately. I believe we are going to hit a second and much worse wave

[Trafalgar Law]

Unemployment claims by state (as of April 25, 2020):
01. California: + 3,675,346
02. Pennsylvania: + 1,620,512
03. New York: + 1,609,842
04. Florida: + 1,592,236
05. Texas: + 1,555,955
06. Georgia: + 1,367,494
07. Michigan: + 1,261,121
08. Ohio: + 1,056,695
09. New Jersey: + 889,480
10. Washington: + 857,697
11. Illinois: + 818,917
12. North Carolina: + 747,303
13. Massachusetts: + 725,018
14. Kentucky: + 590,829
15. Indiana: + 569,847
16. Virginia: + 567,534
17. Minnesota: + 556,651
18. Louisiana: + 508,202
19. Arizona: + 473,802
20. Missouri: + 452,126
21. Wisconsin: + 442,581
22. Tennessee: + 425,668
23. South Carolina: + 413,542
24. Alabama: + 406,732
25. Nevada: + 386,705
26. Maryland: + 385,657
27. Colorado: + 338,516
28. Oregon: + 278,852
29. Oklahoma: + 273,958
30. Connecticut: + 261,686
31. Iowa: + 260,729
32. Puerto Rico: + 217,739
33. Kansas: + 215,722
34. Mississippi: + 201,890
35. Hawaii: + 194,437
36. Arkansas: + 176,895
37. New Hampshire: + 159,993
38. Rhode Island: + 145,615
39. Utah: + 136,778
40. West Virginia: + 123,828
41. New Mexico: + 118,462
42. Idaho: + 117,253
43. Maine: + 108,874
44. Nebraska: + 104,177
45. Montana: + 89,426
46. Delaware: + 79,222
47. District of Columbia: + 72,431
48. Alaska: + 71,606
49. North Dakota: + 57,168
50. Vermont: + 56,122
51. South Dakota: + 33,743
52. Wyoming: + 29,653

Unemployed as a percent of state labor force (as of April 25, 2020):
01. Hawaii: 29.1%
02. Kentucky: 28.4%
03. Georgia: 26.5%
04. Rhode Island: 26.1%
05. Michigan: 25.5%
06. Nevada: 24.8%
07. Pennsylvania: 24.7%
08. Louisiana: 24.1%
09. Washington: 21.6%
10. Puerto Rico: 20.8%
11. Alaska: 20.7%
12. New Hampshire: 20.5%
13. New Jersey: 19.5%
14. Massachusetts: 18.9%
15. California: 18.8%
16. Alabama: 18.1%
17. Ohio: 18.1%
18. Minnesota: 17.8%
19. District of Columbia: 17.5%
20. South Carolina: 17.3%
21. New York: 16.9%
22. Indiana: 16.8%
23. Montana: 16.6%
24. Vermont: 16.5%
25. Delaware: 16.2%
26. Mississippi: 15.8%
27. Maine: 15.7%
28. West Virginia: 15.4%
29. Florida: 15.2%
30. Iowa: 14.9%
31. Oklahoma: 14.9%
32. North Carolina: 14.6%
33. Missouri: 14.5%
34. Kansas: 14.4%
35. Wisconsin: 14.2%
36. North Dakota: 14.1%
37. Connecticut: 13.6%
38. Idaho: 13.2%
39. Oregon: 13.2%
40. Arizona: 13.1%
41. Arkansas: 12.9%
42. Illinois: 12.8%
43. Virginia: 12.7%
44. Tennessee: 12.6%
45. New Mexico: 12.3%
46. Maryland: 11.8%
47. Texas: 11.0%
48. Colorado: 10.6%
49. Wyoming: 10.1%
50. Nebraska: 10.0%
51. Utah: 8.4%
52. South Dakota: 7.2%

https://www.nbcnews.com/business/eco...d-job-n1183686

The United States has lost over 30.3 million jobs. That puts the U.S.' employment levels back to where it was in 2003, 17 years ago. It's wiped out all of the job growth in the 11 year expansion following the Great Recession (22 million jobs) plus 8 million in addition to that amount. Eight states have already lost over one million jobs; California, Pennsylvania, New York, Florida, Texas, Georgia, Michigan, and Ohio. Additionally, over a quarter of all of the total jobs in the states of Hawaii, Kentucky, Georgia, Rhode Island, Michigan, Nevada, Pennsylvania, and Louisiana have been wiped out. That’s one out of four jobs in these states. All within the span of 6-8 weeks of time.

Furthermore, Q2 2020 is going to be the worst quarter for both job loss and GDP contraction in American history (and in the history of a lot of places worldwide). Even in the Great Depression, as bad as it was, it was more spread out over a larger amount of time. No single quarter was this bad, though some came pretty close. With the Great Shutdown (“Pandemic Recession”) it’s like hitting a multi-layered 10 foot tall brick wall while your speed is 100 miles per hour.

https://www.bloomberg.com/news/artic...fits-last-week

[Marv95]

I thought CO and CT's numbers would be worse.