Despite COVID-19 raging across the U.S., new unemployment claims decreased week-over-week on August 3, and were still 86% below the peak during the COVID-19 pandemic. To help add some context to these statistics, WalletHub just released updated rankings for the States Whose Weekly 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 Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):
- 301.65% Change in Unemployment Claims (Latest Week vs Last Year)
- 51,476 the week of August 3, 2020 vs 12,816 the week of August 5, 2019
- 25th slowest recovery in the U.S.
- 316.24% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 51,476 the week of August 3, 2020 vs 12,367 the week of January 1, 2020
- 10th slowest recovery in the U.S.
- 1,129.64% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 3,181,878 between the week of March 16, 2020 and the week of August 3, 2020 vs 281,673 between the week of March 18, 2019 and the week of August 5, 2019
- 23rd quickest recovery in the U.S.
