Job Loss

States Where Expired Unemployment Benefits Will Hurt Most

Written by Guest Post

The expiration of the $600 boost to unemployment benefits would leave millions of Americans without a vital source of income amid a global pandemic.

As of this writing, nearly 32 million Americans are claiming unemployment insurance benefits, according to the U.S. Department of Labor. Some states — including Nevada and Hawaii — are more vulnerable with a higher percentage of residents out of work.

To find the states most affected by the expiration of the additional $600 in unemployment benefits, we analyzed earnings data and the number of workers on unemployment insurance to determine the percentage of statewide earnings provided by the coronavirus relief bill.

Image Credit: Darylann Elmi / iStock.

Methodology

To determine the states losing the most from the expiration of the additional unemployment benefits, we first calculated the total amount earned in each state from the benefits by multiplying the number of people on unemployment insurance by $600 (the value of the additional benefits). We divided this number by the total weekly earnings in the state to create a comparative statistic. We then ranked the states from highest to lowest using this figure. Data on uninsurance claims (up to July 18) comes from the Department of Labor, while data on 2019 weekly earnings comes from the Bureau of Labor Statistics.

Here are the top 25 states that will hurt the most from the expiration of unemployment benefits.

Image Credit: Julia_Sudnitskaya / iStock.

25. Oregon

Total workers: 1,921,964

Workers on unemployment insurance: 206,756

Weekly earnings of average worker: $1,036

Estimated total weekly earnings: $1,991,923,490

Additional income from $600 unemployment benefits: $124,053,600

Percent of income from additional unemployment benefits: 6.2%

Image Credit: DepositPhotos.com.

24. New Jersey

Total workers: 4,034,480

Workers on unemployment insurance: 491,296

Weekly earnings of average worker: $1,154

Estimated total weekly earnings: $4,654,176,128

Additional income from $600 unemployment benefits: $294,777,600

Percent of income from additional unemployment benefits: 6.3%

Image Credit: DepositPhotos.com.

23. Illinois

Total workers: 5,917,347

Workers on unemployment insurance: 664,763

Weekly earnings of average worker: $1,060

Estimated total weekly earnings: $6,274,754,759

Additional income from $600 unemployment benefits: $398,857,800

Percent of income from additional unemployment benefits: 6.4%

Image Credit: ibsky.

22. New Hampshire

Total workers: 657,391

Workers on unemployment insurance: 72,523

Weekly earnings of average worker: $1,038

Estimated total weekly earnings: $682,108,902

Additional income from $600 unemployment benefits: $43,513,800

Percent of income from additional unemployment benefits: 6.4%

Image Credit: DenisTangneyJr.

21. Maine

Total workers: 607,641

Workers on unemployment insurance: 60,623

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Weekly earnings of average worker: $932

Estimated total weekly earnings: $566,321,412

Additional income from $600 unemployment benefits: $36,373,800

Percent of income from additional unemployment benefits: 6.4%

Image Credit: traveler1116.

20. Minnesota

Total workers: 2,868,184

Workers on unemployment insurance: 332,040

Weekly earnings of average worker: $1,075

Estimated total weekly earnings: $3,082,724,163

Additional income from $600 unemployment benefits: $199,224,000

Percent of income from additional unemployment benefits: 6.5%

Image Credit: Scruggelgreen.

19. Texas

Total workers: 12,372,188

Workers on unemployment insurance: 1,313,086

Weekly earnings of average worker: $971

Estimated total weekly earnings: $12,010,920,110

Additional income from $600 unemployment benefits: $787,851,600

Percent of income from additional unemployment benefits: 6.6%

Image Credit: DenisTangneyJr.

18. South Carolina

Total workers: 2,093,284

Workers on unemployment insurance: 201,097

Weekly earnings of average worker: $854

Estimated total weekly earnings: $1,786,827,222

Additional income from $600 unemployment benefits: $120,658,200

Percent of income from additional unemployment benefits: 6.8%

Image Credit: SeanPavonePhoto.

17. Florida

Total workers: 8,732,627

Workers on unemployment insurance: 914,801

Weekly earnings of average worker: $918

Estimated total weekly earnings: $8,020,044,637

Additional income from $600 unemployment benefits: $548,880,600

Percent of income from additional unemployment benefits: 6.8%

Image Credit: DepositPhotos.com.

16. West Virginia

Total workers: 664,212

Workers on unemployment insurance: 64,342

Weekly earnings of average worker: $835

Estimated total weekly earnings: $554,749,862

Additional income from $600 unemployment benefits: $38,605,200

Percent of income from additional unemployment benefits: 7.0%

Image Credit: ” Chayanisa Puttamata”.

15. Mississippi

Total workers: 1,110,126

Workers on unemployment insurance: 100,191

Weekly earnings of average worker: $771

Estimated total weekly earnings: $855,685,121

Additional income from $600 unemployment benefits: $60,114,600

Percent of income from additional unemployment benefits: 7.0%

Image Credit: DepositPhotos.com.

14. Massachusetts

Total workers: 3,578,753

Workers on unemployment insurance: 537,302

Weekly earnings of average worker: $1,263

Estimated total weekly earnings: $4,520,680,790

Additional income from $600 unemployment benefits: $322,381,200

Percent of income from additional unemployment benefits: 7.1%

Image Credit: DepositPhotos.com.

13. Alaska

Total workers: 308,691

Workers on unemployment insurance: 43,225

Weekly earnings of average worker: $1,140

Estimated total weekly earnings: $352,031,216

Additional income from $600 unemployment benefits: $25,935,000

Percent of income from additional unemployment benefits: 7.4%

Image Credit: DepositPhotos.com.

12. Rhode Island

Total workers: 474,428

Workers on unemployment insurance: 65,377

Weekly earnings of average worker: $1,100

Estimated total weekly earnings: $522,060,571

Additional income from $600 unemployment benefits: $39,226,200

Percent of income from additional unemployment benefits: 7.5%

Image Credit: iStock.

11. New Mexico

Total workers: 806,473

Workers on unemployment insurance: 92,108

Weekly earnings of average worker: $904

Estimated total weekly earnings: $729,374,181

Additional income from $600 unemployment benefits: $55,264,800

Percent of income from additional unemployment benefits: 7.6%

Image Credit: Davel5957.

10. Connecticut

Total workers: 1,652,033

Workers on unemployment insurance: 254,461

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Weekly earnings of average worker: $1,199

Estimated total weekly earnings: $1,981,117,974

Additional income from $600 unemployment benefits: $152,676,600

Percent of income from additional unemployment benefits: 7.7%

Image Credit: concoll.edu.

9. Vermont

Total workers: 303,295

Workers on unemployment insurance: 38,335

Weekly earnings of average worker: $983

Estimated total weekly earnings: $298,199,644

Additional income from $600 unemployment benefits: $23,001,000

Percent of income from additional unemployment benefits: 7.7%

Image Credit: ” DonLand”.

8. New York

Total workers: 9,429,172

Workers on unemployment insurance: 1,520,832

Weekly earnings of average worker: $1,230

Estimated total weekly earnings: $11,601,653,229

Additional income from $600 unemployment benefits: $912,499,200

Percent of income from additional unemployment benefits: 7.9%

Image Credit: Eloi_Omella.

7. Pennsylvania

Total workers: 5,827,122

Workers on unemployment insurance: 815,282

Weekly earnings of average worker: $987

Estimated total weekly earnings: $5,752,534,838

Additional income from $600 unemployment benefits: $489,169,200

Percent of income from additional unemployment benefits: 8.5%

Image Credit: weaver1234.

6. California

Total workers: 17,396,834

Workers on unemployment insurance: 2,946,807

Weekly earnings of average worker: $1,179

Estimated total weekly earnings: $20,507,387,919

Additional income from $600 unemployment benefits: $1,768,084,200

Percent of income from additional unemployment benefits: 8.6%

Image Credit: Art Wager.

5. Michigan

Total workers: 4,305,848

Workers on unemployment insurance: 604,846

Weekly earnings of average worker: $977

Estimated total weekly earnings: $4,205,952,326

Additional income from $600 unemployment benefits: $362,907,600

Percent of income from additional unemployment benefits: 8.6%

Image Credit: haveseen.

4. Georgia

Total workers: 4,406,223

Workers on unemployment insurance: 792,717

Weekly earnings of average worker: $954

Estimated total weekly earnings: $4,203,536,742

Additional income from $600 unemployment benefits: $475,630,200

Percent of income from additional unemployment benefits: 11.3%

Image Credit: SeanPavonePhoto.

3. Louisiana

Total workers: 1,889,866

Workers on unemployment insurance: 312,893

Weekly earnings of average worker: $954

Estimated total weekly earnings: $1,605,630,154

Additional income from $600 unemployment benefits: $187,735,800

Percent of income from additional unemployment benefits: 11.7%

Image Credit: DepositPhotos.com.

2. Hawaii

Total workers: 620,739

Workers on unemployment insurance: 128,502

Weekly earnings of average worker: $1,056

Estimated total weekly earnings: $655,748,680

Additional income from $600 unemployment benefits: $77,101,200

Percent of income from additional unemployment benefits: 11.8%

Image Credit: DepositPhotos.com.

1. Nevada

Total workers: 1,388,109

Workers on unemployment insurance: 295,994

Weekly earnings of average worker: $908

Estimated total weekly earnings: $1,260,402,972

Additional income from $600 unemployment benefits: $177,596,400

Percent of income from additional unemployment benefits: 14.1%

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This article originally appeared on MagnifyMoney.com and was syndicated by MediaFeed.org.




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