Despite the fact that the U.S. is still struggling with the COVID-19 pandemic, new unemployment claims remained decreased week-over-week on September 7, and were 87% below the peak during the COVID-19 pandemic. To help add some context to these statistics.
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.
Change in Florida Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):
- 416.90% Change in Unemployment Claims (Latest Week vs Last Year)
- 33,821 the week of September 7, 2020 vs 6,543 the week of September 9, 2019
- 12th slowest recovery in the U.S.
- 632.37% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 33,821 the week of September 7, 2020 vs 4,618 the week of January 1, 2020
- 3rd slowest recovery in the U.S.
- 2,263.50% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 3,763,868 between the week of March 16, 2020 and the week of September 7, 2020 vs 166,285 between the week of March 18, 2019 and the week of September 9, 2019
- 2nd slowest recovery in the U.S.
WalletHub just released updated rankings for the States Whose Weekly Unemployment Claims Are Recovering the Quickest, along with accompanying videos and audio files.
To see the states most recovered since the beginning of the COVID-19 pandemic, click here.