Virginia Experienced the 14th Largest Rise in Unemployment Since COVID

Even a full year beyond the arrival of the novel coronavirus and the ensuing lockdowns, shutdowns, and mass quarantines, the threat of COVID-19 continues to cause significant delays and disruptions in both normal life and in business supply chains.

Appliances, computer chips, and industrial parts have been on backorder for months, outdoor equipment and gear is hard to find, prices on everything from lumber to chicken are up, and many employees are still working from home—if they’re working at all.

2020 saw a tripling of the unemployment rate, from an overall 3.5% in February to a peak of 14.8% just two months later in April, according to BLS statistics. The unemployment rate had never spiked that high in the 73-year BLS record, and it had only ever topped 8% three times before: in 1975, 1982-83, and 2009-12.

To find the states with the largest rise in unemployment since COVID, researchers at Filterbuy calculated the year-over-year change in unemployment rate based on BLS data from 2019 and 2020. Researchers also calculated the total number of unemployed workers in 2020, as well as the annual average unemployment rates for 2020 and 2019.

At the state level, the obvious travel hotspots of Hawaii and Nevada, for example, led America with the largest unemployment spikes in 2020 compared to 2019. Hawaii’s unemployment surged 4.6 times what it had been, while Nevada’s went up 3.3 times.

The analysis found that the unemployment rate in Virginia was at 2.7% in 2019. In 2020, unemployment reached 6.2%. Out of all U.S. states, Virginia experienced the 14th largest rise in unemployment since COVID-19

For more information, a detailed methodology, and complete results, you can find the original report on Filterbuy’s website: https://filterbuy.com/resources/states-with-largest-rise-in-unemployment-since-COVID/

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