The DBN email Inbox receives numerous ranking reports, ranging from the ugliest public buildings to the popularity of scrapple.
Today, a report from the financial analysis platform TradingPedia caught my attention.
            
         The DBN email Inbox receives numerous ranking reports, ranging from the ugliest public buildings to the popularity of scrapple.
Today, a report from the financial analysis platform TradingPedia caught my attention.
As you may know, the national September unemployment figures were not released due to the federal government shutdown.
In response, TradingPedia analyzed the increase or decrease in the number of unemployed residents from August 2024 to the present as a way to identify trends.
The news was not good for Delaware.
Despite a jobless rate near the national average, the First State experienced the sixth-largest increase in the percentage gain of jobless residents among the 50 states and the District of Columbia over the year-long period.
To no one's surprise, Virginia, and D.C. saw significant increases, often due to job cuts at the federal level. However, Maryland, despite sizable Beltway population, proved to be an exception.
Delaware's increase is more difficult to explain, but may be tied to weakness in the broadly based category of business services. As was the case in other states, gains in healthcare employment offset weaknesses in other sectors.
Another factor could be more Delawareans looking for work. Delaware has one of the nation's lower labor participation rates, partly due to its high average age. Inflation may have prompted some Delawareans to come off the sidelines. They will face a job market characterized as "low hire, low fire," with job openings dropping sharply.
The map above shows the states with the smallest and largest percentage gains in the number of unemployed individuals. Below are the 10 states with the largest percentage gains in jobless residents.
Oregon - unemployed up 19,662 or 0.85% to 5.05%
Virginia - unemployed up 30,854 or 0.70% 3.58%
District of Columbia - unemployed up 3,131 or 0.70% to 6.02%
Mississippi - unemployed up 8,437 or 0.64% to 3.91%
Massachusetts - unemployed up 26,464 or 0.62% to 4.78%
Delaware - unemployed up 3,219 or 0.61% to 4.30%
Ohio - unemployed up 37,473 or 0.60% to 4.96%
Connecticut - unemployed up 11,762 or 0.60% to 3.76%
Iowa - unemployed up 10,292 or 0.55% to 3.78%
Missouri - unemployed up 15,015 or 0.44% to 4.15%
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