Why do some states have such low unemployment rates?
That is for June, Kentucky is at 4.3 percent but West Virginia at 10.4? Here are the underlying BLS data. Here is some description of Kentucky in June. Note that Kentucky cases are now rising rapidly. Here is the case pattern for Idaho. The three states with the highest unemployment rates — New York, New Jersey, and Massachusetts — have been moving toward relative safety after some very tough times early on. One interpretation of these numbers is that serious lockdowns were necessary to stem the virus, but those lockdowns caused high unemployment. More plausible to me is the view that a high initial virus burden led to high unemployment — consumers were scared — but also superior case and death results later on.
Via Nick Clerkin.