featured graphic for wallethub

WalletHub Study: Unemployment Claims in California Are 84.18% Lower Than Last Year

California is struggling to recover from new unemployment claims, with last week’s claims higher than at the start of 2020, according to WalletHub’s updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest, along with accompanying videos and audio files.

Key Stats:

  • Weekly unemployment claims in California increased by 301.27% compared to the same week in 2019. This was the 20th biggest increase in the U.S.
  • Weekly unemployment claims in California increased by 295.88% compared to the start of 2020. This was the 13th biggest increase in the U.S.
  • Weekly unemployment claims in California decreased by 84.18% compared to the same week last year. This was the 15th smallest decrease in the U.S.

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

WalletHub Q&A

Do you expect companies to require getting the COVID-19 vaccine as a condition for employment?

“It is likely that some companies will require getting the COVID-19 vaccine as a condition for employment, with obvious exemptions for people who are medically unable to receive it,” said Jill Gonzalez, WalletHub analyst. “Companies should be able to have a COVID-19 vaccine requirement because they need to do everything in their power to keep their workers and customers safe. In addition, the more companies that require employees to get a vaccine, the faster we will be able to achieve a full reopening.”

How might a state’s efficiency at administering the COVID-19 vaccine affect unemployment?

“States that are able to more efficiently vaccinate their residents will likely see better job growth than states that are less efficient. The more a state vaccinates, the safer conditions in that state will become and the sooner businesses will be able to fully reopen and have the resources to expand hiring,” said Jill Gonzalez, WalletHub analyst. “Currently, some places are far more efficient than others. For example, New Hampshire has used 90% of its vaccine supply, while Alabama has only used 61%.”

How has unemployment in California recovered?

“California’s unemployment claims have experienced the 18th slowest recovery in the U.S. For the week of March 29, California had 145,367 new unemployment claims, an 86% decrease from the peak during the coronavirus pandemic,” said Jill Gonzalez, WalletHub analyst.

This article was released by WalletHub.