With COVID-19’s continued grip on the U.S., new unemployment claims increased slightly week-over-week on October 5, but were still 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.):
- 202.85% Change in Unemployment Claims (Latest Week vs Last Year)
- 43,435 the week of October 5, 2020 vs 14,342 the week of October 7, 2019
- 20th quickest recovery in the U.S.
- 251.22% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 43,435 the week of October 5, 2020 vs 12,367 the week of January 1, 2020
- 14th slowest recovery in the U.S.
- 919.00% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 3,643,158 between the week of March 16, 2020 and the week of October 5, 2020 vs 396,426 between the week of March 18, 2019 and the week of October 7, 2019
- 21st quickest recovery in the U.S.
