CFED Scorecard

Financial Assets & Income

Outcome Measures

Income Poverty Rate

Asset Poverty Rate

Asset Poverty by Race

Asset Poverty by Gender

Asset Poverty by Family Structure

Liquid Asset Poverty Rate

Liquid Asset Poverty by Race

Liquid Asset Poverty by Gender

Liquid Asset Poverty by Family Structure

Extreme Asset Poverty Rate

Net Worth

Net Worth by Race

Net Worth by Income

Net Worth by Gender

Net Worth by Family Structure

Unbanked Households

Underbanked Households

Households with Savings Accounts

Consumers with Subprime Credit

Borrowers 90+ Days Overdue

Average Credit Card Debt

Bankruptcy Rate

Policy Priorities

Tax Credits for Working Families

State IDA Program Support

Lifting Asset Limits in Public Benefit Programs

Protections from Predatory Short-Term Loans

Additional Policies

Income Tax Threshold

Tax Burden by Income

Prize-Linked Savings

Paperless Payday

Trend Indicators

Change in Net Worth

Change in Asset Poverty

Change in Liquid Asset Poverty

Change in Consumers with Subprime Credit

Change in Average Credit Card Debt

Businesses & Jobs

Housing & Homeownership

Health Care


CFED Assets & Opportunity Scorecard

Unemployment Rate

Reports & Graphics


Annual average unemployment rate of the civilian labor force, 2011.


The unemployment rate is a good indication of the state of the economy as well as the financial stability of families. Without income earned through employment, most families will have difficulty financing basic consumption and paying down debt, let alone saving for the future. The Scorecard’s liquid asset poverty measure shows that almost half of households in the US lack adequate savings to cover expenses at the poverty level for just three months if they lost their jobs.

The unemployment rate measured here follows the U.S. Department of Labor’s official definition of unemployment, in which a person is defined as unemployed if they do not have a job, are available for work and have been actively looking for a job in the prior four weeks. This measure does not capture any information about the number of discouraged workers who have stopped actively looking for work, nor does it reflect instances when a part-time worker would prefer to be employed full-time.

The Scorecard uses the most recently available annual unemployment rates for purposes of ranking. The monthly rates fluctuated considerably in 2011 and early 2012. The national unemployment rate was 7.8% in December 2012.

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Unemployment Rate

StateUnemployment Rate (%)Rank
United States  8.9%   
Alabama  9.8%  41 
Alaska  7.6%  19 
Arizona  9.5%  38 
Arkansas  8.6%  29 
California  11.6%  50 
Colorado  8.4%  27 
Connecticut  8.9%  32 
Delaware  7.5%  18 
District of Columbia  10.4%  45 
Florida  10.0%  42 
Georgia  10.1%  43 
Hawaii  7.3%  14 
Idaho  8.7%  30 
Illinois  9.7%  40 
Indiana  9.0%  33 
Iowa  5.8% 
Kansas  6.7%  11 
Kentucky  9.5%  38 
Louisiana  7.8%  20 
Maine  8.0%  24 
Maryland  7.0%  12 
Massachusetts  7.3%  14 
Michigan  10.2%  44 
Minnesota  6.5% 
Mississippi  10.5%  46 
Missouri  8.4%  27 
Montana  7.3%  14 
Nebraska  4.5% 
Nevada  13.1%  51 
New Hampshire  5.4% 
New Jersey  9.4%  35 
New Mexico  7.4%  17 
New York  8.1%  25 
North Carolina  10.5%  46 
North Dakota  3.6% 
Ohio  8.7%  30 
Oklahoma  6.2% 
Oregon  9.4%  35 
Pennsylvania  7.8%  20 
Rhode Island  11.1%  49 
South Carolina  10.5%  46 
South Dakota  4.9% 
Tennessee  9.2%  34 
Texas  7.8%  20 
Utah  7.0%  12 
Vermont  5.8% 
Virginia  6.5% 
Washington  9.4%  35 
West Virginia  8.1%  25 
Wisconsin  7.8%  20 
Wyoming  5.9% 


Alternative Measures of Labor Underutilization by State, 2011 Annual Averages. Washington, DC: U.S. Department of Labor, Bureau of Labor Statistics, 2012.

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