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WalletHub Study: California has the 9th slowest recovery for weekly unemployment claims in the U.S.

Despite the fact that the COVID-19 pandemic has now been raging across the U.S. for nearly a year, new unemployment claims decreased week-over-week on January 1, and were 89% 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 California Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):

  • 315.27% Change in Unemployment Claims (Latest Week vs 2019)
    • 160,029 the week of January 1, 2021 vs 38,536 the week of January 1, 2019
    • 8th slowest recovery in the U.S.
  • 335.81% Change in Unemployment Claims (Latest Week vs Start of 2020)
    • 160,029 the week of January 1, 2021 vs 36,720 the week of January 1, 2020
    • 10th slowest recovery in the U.S.
  • 681.94% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Previous Year)
    • 11,193,687 between the week of March 16, 2020 and the week of January 1, 2021 vs 1,641,447 between the week of March 18, 2019 and the week of January 1, 2020
    • 19th quickest recovery in the U.S.

To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-claims/72730/

This article was released by WalletHub.

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