There are a few states that are not very nice to their unemployed.
Reasons including high unemployment rates, wealth disparities, and low unemployment benefits
are among the factors cited for warranting these states their dismal distinction.
But what are the eight best states for the unemployed? Using the same three criteria — income replacement, or average unemployment benefits (as of 4Q 2012) as a percentage of average state income per capita; unemployment rate (as of March 2013); and wealth disparity, the ratio of households with incomes of at least $200,000 to those with incomes of less than $10,000 (as of 2011 Census ACS) — each state’s rank
was averaged.
See if you recognize any geographic pattern among these eight best states.
. Iowa
Kentucky
The state suffers an employment rate significantly higher than the states that envelope
it, but it maintains its top-6 distinction with its impressive rank on income replacement,
sitting at #47. To put it in perspective, remember that the place who holds #1 in this criteria,
the District of Columbia, is also the worst place to be unemployed on our list.
Benefits as a percentage of income for Kentucky are also high at 43.8 percent,
but the state still holds the 7th greatest concentration of senior poverty.
Utah
Utah’s other claim to fame: it ranks #51 on income replacement, meaning
that out of the nation’s 51 states plus the District of Columbia,
Utah does the best job of providing its unemployed with benefits that
help compensate for missing income. Its benefits as a percentage of
income post a striking 50.4 percent. The state also boasts the nation’s most volunteers.
Idaho
It follows Utah as the state with the second most volunteers, but it also
has the third fewest female top executives. Its average weekly unemployment
benefits are much lower than those of Utah, but the state’s low report on
resident wealth disparity helps afford it its reputable status.
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