New data out this morning on the number of jobs in each state in September.
How much has the number of jobs changed in each state since February, as a percent of February jobs?
Idaho is down 0.9% of February jobs.
The whole U.S. is down 7.0%.
Hawaii is down 18.9%.
For most states, the share of jobs lost since Feb 2020 exceeds their share lost during the Great Recession.
For states on the orange line, their share lost now is abt equal to their share lost during GR. Above the line, means a greater share now. Below line means smaller share.
Correction: now including Idaho.
New with improved guides.
The share of Pennsylvania jobs lost since Feb is more than twice as large as the share of its jobs lost during the Great Recession.
In Michigan, the shares lost now & then are about equal.
In Mississippi, the share now is about half its GR share.
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1.45 million initial state + PUA unemployment insurance claims filed in week ending 9/19, similar to prior week.
This extends a terrible streak to 27 consecutive weeks each with more UI claims than any of prior 2,776 weeks, back to record's start in 1967. washingtonpost.com/business/2020/…
The number of Americans continuing to use UI payments is reported at 26 million. A reporting issue in CA made this higher in prior weeks.
U.S. has 6.6 million job openings.
If every opening were filled, there would be 19.4 million Americans using UI.
To get a sense of weakness in that labor market, the share of Americans in their prime working years (age 25-54) who are now employed remains 5.2 percentage points below its February level.
This level is similar to its lowest level during and after the Great Recession.
Millions of Americans worried about their ability to pay for housing.
1 in 11 Americans with a mortgage and 1 in 4 renters report no confidence or slight confidence in their own ability to make their October housing payment.
Huge shares of renters lack confidence in ability to pay October rent in Southern states, NV, NJ, RI, TX, and WY.
A large share of American households with a mortgage lack confidence in ability to pay October housing payment in Southern states, Dakotas, IL, WV, SC, and NY.