Spikes in COVID-19 may threaten future job growth in the U.S., but new unemployment claims last week were still 79% below the peak during the COVID-19 pandemic. To help add some context to this statistic, WalletHub just released updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest, along with accompanying videos and audio files.
To identify which states’ workforces are experiencing the quickest recovery from COVID-19, WalletHub compared the 50 states and the District of Columbia across three metrics based on changes in unemployment claims. Below, you can see highlights from the report, along with a WalletHub Q&A. To see the states most recovered since the beginning of the COVID-19 pandemic, click here.
Change in Texas Unemployment Claims (1=Quickest Recovery, 25=Avg.):
- 570.02% Change in Unemployment Claims (Latest Week vs Last Year)
- 86,821 the week of July 13, 2020 vs 12,958 the week of July 15, 2019
- 26th quickest recovery in the U.S.
- 602.04% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 86,821 the week of July 13, 2020 vs 12,367 the week of January 1, 2020
- 13th slowest recovery in the U.S.
- 1,230.62% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 2,989,802 between the week of March 16, 2020 and the week of July 13, 2020 vs 242,951 between the week of March 18, 2019 and the week of July 15, 2019
- 24th quickest recovery in the U.S.
