Geographically, the average score also increased across the country. No single state experienced a decline in average score since March. The magnitude does vary across the country — but it’s a tight range, with a minimum change of about 2.5 points to a maximum change of nearly 6.5 points.
Unemployment data from the Bureau of Labor Statistics show Nevada has the highest unemployment in the nation at 13.2%. We saw an average score change of nearly 6.5 points in Nevada since March. Rhode Island and New York, the next two states with the highest unemployment, also saw increases by six points.
We don’t see any indication that a higher unemployment rate results in lower credit-based insurance scores. In fact, credit-based insurance scores remain pro-consumer even during economic downturns.