Despite the fact that the U.S. is still firmly in the grip of the COVID-19 pandemic, new unemployment claims decreased week-over-week on August 24, and were 87% 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.):
- 335.00% Change in Unemployment Claims (Latest Week vs Last Year)
- 56,759 the week of August 24, 2020 vs 13,048 the week of August 26, 2019
- 20th slowest recovery in the U.S.
- 358.96% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 56,759 the week of August 24, 2020 vs 12,367 the week of January 1, 2020
- 6th slowest recovery in the U.S.
- 1,050.99% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 3,353,017 between the week of March 16, 2020 and the week of August 24, 2020 vs 319,034 between the week of March 18, 2019 and the week of August 26, 2019
- 23rd quickest recovery in the U.S.
