JACKSON, Wyo. — Wyoming’s unemployment rate is on the rise but still tracking lower than the national average.
With the U.S. unemployment rate now at 14.7% due in large part to the coronavirus, WalletHub today released its report on the States with the Biggest Increases in Unemployment Rates to illustrate which areas of the country have been most and least impacted by COVID-19’s assault on jobs.
Wyoming has not been immune to the job loss trend but, given the fact that the state was already seeing huge declines in the energy downturn before the pandemic, numbers are not as ugly as they are in other states.
According to the latest data from U.S. Bureau of Labor Statistics, Wyoming’s unemployment rate more than doubled to 9.2 percent in April. WalletHub put that figure at 9.6%. That’s up from March when the unemployment rate was 3.8%.
Only Minnesota and Connecticut were ranked lower than Wyoming in the list of States with the Biggest Increases in Unemployment Rates.
WalletHub compared the 50 states and the District of Columbia based on three key metrics, examining the change in each state’s unemployment rate during the latest month (April 2020) compared to April 2019 and January 2020. They also considered each state’s overall unemployment rate.