Despite the fact that the U.S. is fighting to contain the COVID-19 pandemic, new unemployment claims remained unchanged week-over-week on August 31, 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 Georgia Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):
- 1,273.72% Change in Unemployment Claims (Latest Week vs Last Year)
- 50,072 the week of August 31, 2020 vs 3,645 the week of September 2, 2019
- 2nd slowest recovery in the U.S.
- 193.51% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 50,072 the week of August 31, 2020 vs 17,060 the week of January 1, 2020
- 16th slowest recovery in the U.S.
- 3,067.61% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 3,646,616 between the week of March 16, 2020 and the week of August 31, 2020 vs 118,875 between the week of March 18, 2019 and the week of September 2, 2019
- The slowest recovery in the U.S.
