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

Caring Transitions

How Caring Transitions Supports Adult Children in Managing Their Parents’ Moves

how-caring-transitions-supports-adult-children-in-managing-their-parents-moves

Senior Care Authority

Senior Care Authority Is a Great Fit for Multi-Generational Business Ownership

senior-care-authority-is-a-great-fit-for-multi-generational-business-ownership

The Growing Need for Senior Downsizing: How Caring Transitions Is Leading the Way

the-growing-need-for-senior-downsizing-how-caring-transitions-is-leading-the-way

Sola Salons

How Myrle and Julie McNeal Built a Thriving Sola Salons Franchise Empire with 17 Units

how-myrle-and-julie-mcneal-built-a-thriving-sola-salons-franchise-empire-with-17-units

Pet Wants

Why Fresh, Healthy Food Matters for Your Pet's Long-Term Health

fresh-pet-food-unleashing-the-power-of-healthy-nutrition-for-your-furry-family

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 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

Roof Scientist Launches Franchise Opportunity, Revolutionizing Roof Preservation with Innovative Technology

roof-scientist-launches-franchise-opportunity-revolutionizing-roof-preservation-with-innovative-technology

Restaurant Business: How McDonald's Is Restructuring To Compete With Specialized Chains

restaurant-business-how-mcdonalds-is-restructuring-to-compete-with-specialized-chains

Design with hundred dollar bill and orange "recession" banner across the middle

ABC News: Recession Risks Are Rising, Economists Say. Here’s What to Know.

recession-risks-impact-economy-franchise-world

NRA: Restaurants Focus On Enhancing In-Store Experiences To Attract Diners in 2025

nra-restaurants-focus-on-enhancing-in-store-experiences-to-attract-diners-in-2025

The Joint Chiropractic - Dr. Anthony Tran - IFA Franchisee of the Year - 1851 Franchise

The Joint Chiropractic’s Dr. Anthony Tran Named Franchisee of the Year by the IFA

joint-chiropractic-dr-anthony-tran-ifa

Paris Baguette Ranks Among Top Franchises on Entrepreneur’s Franchise 500® for 2025 - 1851 Franchise

Paris Baguette Ranks Among Top Franchises on Entrepreneur’s Franchise 500® for 2025

paris-baguette-ranks-among-top-franchises-on-entrepreneurs-franchise-500-for-2025

DOJ FTC Antitrust Guidelines - Franchise News - 1851 Franchise

DOJ and FTC Issue New Antitrust Guidelines with Implications for Franchising

doj-and-ftc-issue-new-antitrust-guidelines-with-implications-for-franchising

Photo of a basket of chicken wings with dipping sauce and celery

RestaurantNews: Franchisees File Comprehensive Legal Complaint Against Hurricane AMT

restaurantnews-franchisees-file-comprehensive-legal-complaint-against-hurricane-amt

I Heart Mac and Cheese - Franchisees Sue I Heart Mac and Cheese - Franchise News - 1851 Franchise

Restaurant Business Online: Franchisees Sue I Heart Mac and Cheese

restaurant-business-online-franchisees-sue-i-heart-mac-and-cheese

Florida Franchisee Reflects on Success and Growth with Sylvan Learning

florida-franchisee-reflects-on-success-and-growth-with-sylvan-learning

Domonique Downing - Big Frog Franchise - Fayetteville, GA - 1851 Franchise

Coca-Cola Scientist Finds Path to Autonomy with Big Frog Franchise in Fayetteville, Georgia

big-frog-franchise-fayetteville-georgia

Top 25 Emerging Restaurant Franchises - 1851 Franchise

Top 25 Emerging Restaurant Concepts to Consider in 2025

top-emerging-restaurant-concepts-to-consider

Franchisee spotlight image with Randy and Sandy Craft, Children's Lighthouse logo on blue background

The Crafts’ Successful Journey from New Parents to Children’s Lighthouse Franchisees

the-crafts-successful-journey-from-new-parents-to-childrens-lighthouse-franchisees

The Top Quick Service Restaurant Franchises for 2025

the-top-quick-service-restaurant-franchises

WalletHub Report Reveals States Where Unemployment Claims Are Decreasing the Most

MORE STORIES LIKE THIS