New unemployment claims last week were 78% below the peak during the COVID-19 pandemic, according to the latest jobs report. To help add some context to that 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.):
- 515.71% Change in Unemployment Claims (Latest Week vs Last Year)
- 89,241 the week of June 15, 2020 vs 14,494 the week of June 17, 2019
- 26th quickest recovery in the U.S.
- 621.61% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 89,241 the week of June 15, 2020 vs 12,367 the week of January 1, 2020
- 12th slowest recovery in the U.S.
- 1,369.84% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs. Last Year)
- 2,583,467 between the week of March 16, 2020 and the week of June 15, 2020 vs 188,596 between the week of March 18, 2019 and the week of June 17, 2019
- 19th quickest recovery in the U.S.
