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.
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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
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%
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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
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.
Image Credit: Deposit Photos.
