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

Onigilly Japanese Kitchen

Unlocking the Potential: How Much Can You Earn as an Onigilly Franchisee?

unlocking-the-potential-how-much-can-you-earn-as-an-onigilly-franchisee

Filta Environmental Kitchen Solutions

DeWitts Ignite New Chapter for Filta Environmental Kitchen Solutions in Reno 

Grease, Grit, and Growth: DeWitts Ignite New Chapter for Filta Environmental Kitchen Solutions in Reno, Nevada

grease-grit-and-growth-dewitts-ignite-new-chapter-for-filta-environmental-kitchen-solutions-in-reno-nevada

Layne's Chicken Fingers

Layne's Chicken Fingers-50 Unit-Wendy's-Franchisee-June-2025

Why This 50 Unit Wendy’s Franchisee Is Betting on Layne’s for His Next Big Move

wendys-franchisee-expands-with-laynes-chicken-fingers-texas

CapitalSpring

CapitalSpring’s Jim Balis Talks Growth, ROI and the Future of Fast Casual on “Rock My Restaurant”

capitalsprings-jim-balis-talks-growth-roi-and-the-future-of-fast-casual-on-rock-my-restaurant

Children's Lighthouse

Children’s Lighthouse Ramps Up Growth in First Half of 2025 With Strategic Expansions, Franchise Signings, and New Headquarters

childrens-lighthouse-ramps-up-growth-in-first-half-of-2025-with-strategic-expansions-franchise-signings-and-new-headquarters

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

What June’s Jobs Report Means for the Franchise Industry

what-junes-jobs-report-means-for-the-franchise-industry

Drone Delivery Takes Flight in QSR: The Future of Franchise Operations?

drone-delivery-takes-flight-in-qsr-the-future-of-franchise-operations

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

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

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

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

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

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

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

paris-baguette-franchise-rockaway-new-jersey-vishal-junjea

Top 25 Franchise Marketing Leaders: Kelsey McManemin — Vice President of Marketing, HTeaO

top-25-franchise-marketing-leaders-kelsey-mcmanemin-vice-president-of-marketing-hteao

How This Franchise Consultant Turned a Love for Dogs Into a Business with Dog Training Elite

How This Franchise Consultant Turned a Lifelong Love for Dogs Into a Growing Business with Dog Training Elite

how-this-franchise-consultant-turned-a-lifelong-love-for-dogs-into-a-growing-business-with-dog-training-elite

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

Multi-Unit Wendy’s Operator Signs 12-Unit Deal With Layne’s Chicken Fingers

ricki-oberoi-laynes-chicken-fingers-growth

WalletHub Report Reveals States Where Unemployment Claims Are Decreasing the Most

MORE STORIES LIKE THIS