Montana has experienced the highest layoff rates among U.S. states.
Montana's Layoff Trends
According to recent findings, Montana leads the nation with the highest average layoff rates. This statistic is based on an analysis of several months, providing insight into the state's employment landscape.
- Average Layoff Rate: Montana recorded an average layoff rate of 1.8% over the months studied. This rate indicates the proportion of the workforce laid off within a specific period.
- Monthly Variations: The state's layoff rates have seen fluctuations:
- October 2023: Saw the peak layoff rate at 2.3%, marking the highest point during the observed period.
- January 2024: Recorded the lowest rate at 1.5%, suggesting a decrease in layoffs at the start of the year.
Understanding Layoff Rates
Layoff rates are crucial economic indicators that reflect the percentage of the total workforce that has been involuntarily separated from their jobs. A higher rate suggests a more volatile job market or specific industry challenges within a state.
States with Notable Layoff Rates
While Montana holds the top position, other states also experience significant layoff rates. The second highest average rate was observed in Alaska.
Here’s a comparison of the top states based on their average layoff rates:
| State | Average Layoff Rate (4-month average) |
|---|---|
| Montana | 1.8% |
| Alaska | 1.58% |
Alaska followed Montana with a four-month average layoff rate of 1.58%, securing its position as the state with the second-highest rates. For more detailed information on layoff rates across the United States, insights can be found from recent economic analyses.
