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SPSM - Higher Unemployment Level As Some States Are Slower To Reopen
SPDR Portfolio Small Cap
The PUA program had 11.5 million individuals receiving benefits as of the week ending September 5.
When examining which states account for a large portion of the claims, there are six - California, New York, Texas, Michigan, Illinois and Pennsylvania.
Of the six, California has the highest percentage rate of unemployment at 15.7% and Texas the lowest at 7.9%.