To identify the best and worst states to be unemployed, 24/7 Wall St. generated an index composed of four measures: the unemployment insurance (UI) recipiency rate, the UI replacement rate, the unemployment rate, and the one-year job growth rate. Data on the UI recipiency rate (the percentage of unemployed individuals receiving UI benefits) and the UI replacement rate (the average weekly UI benefit amount as a percentage of the average weekly wage) for the four quarters ending Q1 2020 came from the U.S. Department of Labor and were included in the index. Seasonally adjusted data on the unemployment rate as of June 2020 came from the U.S. Bureau of Labor Statistics and was included in the index. Seasonally adjusted data on total nonfarm employment also came from the BLS and was used to calculate change in employment from June 2019 to June 2020 and included in the index. Supplemental data on exhaustion rate and average benefits duration came from the DOL and are also for the four quarters ending Q1 2020.
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