1851

Following record lows in&nbsp;<a href="https://1851franchise.com/the-future-of-the-job-market-why-franchising-and-recruitment-are-the-silver-linings-of-2023-2724017">unemployment</a> earlier this year, the United States has maintained a relatively stable job market, despite fluctuations in inflation. However, recent data shows a slight uptick in new unemployment claims; 6.4 million Americans are currently unemployed. A new&nbsp;<a href="https://wallethub.com/edu/states-unemployment-claims/72730?utm_source=1851franchise.com&utm_medium=article&utm_campaign=wallethub-report-reveals-states-where-unemployment-claims-are-decreasing-the-most-2724165" target="_blank" rel="nofollow">report from WalletHub</a> is shedding light on the bigger picture.&nbsp;The report found that 24 states and the District of Columbia witnessed a decrease in unemployment claims for the week ending on October 23, 2023, compared to the previous week. This positive trend suggests that certain regions are successfully curbing new unemployment claims.On the other hand, 35 states, including&nbsp;<a href="https://1851franchise.com/what-virginias-economic-outlook-means-for-franchisors-2722961">Virginia</a>,&nbsp;<a href="https://1851franchise.com/what-north-carolinas-economic-outlook-means-for-franchisors-2722851">North Carolina</a> and&nbsp;<a href="https://1851franchise.com/what-kentuckys-economic-outlook-means-for-franchisors-2722936">Kentucky</a>, experienced an increase in unemployment claims during the same week compared to the corresponding week in 2022. This indicates that, despite the overall stability, challenges persist in some parts of the country.“With an average rank of 26 among the states with the biggest decreases in unemployment claims, red states fared the same last week as blue states, which also rank 26 on average,” said&nbsp;<a href="https://www.linkedin.com/in/cassandra-happe-3a97a473?utm_source=1851franchise.com&utm_medium=article&utm_campaign=wallethub-report-reveals-states-where-unemployment-claims-are-decreasing-the-most-2724165" target="_blank" rel="nofollow">Cassandra Happe</a>, WalletHub analyst. “The lower the number of the ranking, the bigger the decrease in the state's new unemployment claims was.”WalletHub conducted a comprehensive analysis to identify where unemployment claims are decreasing the most. They considered changes in unemployment claims for specific benchmark weeks, as well as the number of claims per 100,000 people in the labor force. According to their findings,&nbsp;<a href="https://1851franchise.com/what-new-yorks-economic-outlook-means-for-franchisors-2722920">New York</a> leads the pack in terms of decreasing unemployment claims, with a 13.76% reduction compared to the previous week and a 14.49% decrease compared to the same week in 2022.&nbsp;<a href="https://1851franchise.com/what-massachusetts-economic-outlook-means-for-franchisors-2722942">Massachusetts</a>,&nbsp;<a href="https://1851franchise.com/what-nevadas-economic-outlook-means-for-franchisors-2722889">Nevada</a>,&nbsp;<a href="https://1851franchise.com/what-indianas-economic-outlook-means-for-franchisors-2722862">Indiana</a> and&nbsp;<a href="https://1851franchise.com/what-floridas-economic-outlook-means-for-franchisors-2722910">Florida</a> also make the list of states with significant improvements in their job markets.Meanwhile, states like&nbsp;<a href="https://1851franchise.com/what-montanas-economic-outlook-means-for-franchisors-2722984">Montana</a>,&nbsp;<a href="https://1851franchise.com/what-alaskas-economic-outlook-means-for-franchisors-2722981">Alaska</a>,&nbsp;<a href="https://1851franchise.com/what-iowas-economic-outlook-means-for-franchisors-2722964">Iowa</a> and&nbsp;<a href="https://1851franchise.com/what-north-dakotas-economic-outlook-means-for-franchisors-2722863">North Dakota</a> face more significant challenges, with substantial increases in unemployment claims during the last week and compared to the same week in 2022.As the job market continues to evolve, experts are divided on its future dynamics. Factors like the ongoing high inflation rate and changing economic conditions will play a pivotal role in shaping employment trends. Whether the current employee-hiring environment will persist and how individuals can safeguard their finances amidst rising costs remain critical questions.Read the full report&nbsp;<a href="https://wallethub.com/edu/states-unemployment-claims/72730?utm_source=1851franchise.com&utm_medium=article&utm_campaign=wallethub-report-reveals-states-where-unemployment-claims-are-decreasing-the-most-2724165" target="_blank" rel="nofollow">here</a>.&nbsp;

 WalletHub Report Reveals States Where Unemployment Claims Are Decreasing the Most

1851 Franchise

Thirty-five states experienced an increase in unemployment claims the week ending October 23, but 24 states and D.C. saw a decrease. 

wallethub-report-reveals-states-where-unemployment-claims-are-decreasing-the-most

Layne's Chicken Fingers

image of laynes chicken finger restaurant with 4 hands holding cups in the air to celebrate 

 Layne’s Chicken Fingers Crosses Mid-Year Mark With 11 New Restaurants Opened, Including the First Time the Brand has Seen Two Openings on the Same Day on July 14

laynes-chicken-franchise-growth-2025

HomeTeam Inspection Service

image of an employee from home team checking an outlet with an ipad

HomeTeam Inspection Service Franchise Owners Diversify Income With Multi-Service Model

hometeam-inspection-service-revenue-streams

Right at Home

image of jennifer selden right at home franchisee for a webinar with nick powills

Right at Home Franchise Owner Jennifer Selden To Share Franchise Journey, Sparked by Personal Care Experiences

jennifer-selden-right-at-home-franchise-journey-webinar

Paris Baguette Canada

image of a paris baguette bakery cafe latte with delicious food, croissants, and pastries

What Paris Baguette Franchisees Have To Say About Their Experiences

paris-baguette-franchise-canada-eric-chang

image of right at home franchisee gregory brewer for a webinar with nick powills

Gregory Brewer To Share 20-Year Franchise Journey With Right at Home in Upcoming Webinar

gregory-brewer-right-at-home-franchise-winston-salem-webinar

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

AI Is Reshaping Franchising: $100 Billion Valuations and Hyper-Localized Advertising

ai-is-reshaping-franchising-100-billion-valuations-and-hyper-localized-advertising

Mega Franchisee Sizzling Platter Acquired by Bain Capital

mega-franchisee-sizzling-platter-acquired-by-bain-capital

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

Photo of Roof Scientist truck and trailer

Roof Scientist Expands Into Northern Indianapolis as Entrepreneur Dale Speckman Launches New Business in Fishers

roof-scientist-expands-into-northern-indianapolis

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Blending Tech, Hospitality and Health Care: How Three Women From Different Worlds Came Together to Build a Paris Baguette Franchise

paris-baguette-franchise-flower-mound-texas

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

Sola Salons Franchisee Grows Salon Freedom Into a Multi-State Powerhouse 

WalletHub Report Reveals States Where Unemployment Claims Are Decreasing the Most

MORE STORIES LIKE THIS