WalletHub logo trademarked by WalletHub

Updated WalletHub study: California is the State with the 4th worst unemployment rate recovery

With the U.S. gaining 199,000 jobs in December, below the previous month’s 249,000 jobs, WalletHub released updated rankings for the States Whose Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.

In order to identify the states whose unemployment rates are bouncing back most, WalletHub compared the 50 states and the District of Columbia based on five key metrics that compare unemployment rate statistics from the latest month for which data is available (December 2021) to key dates in 2019 and 2020.

Below, you can see highlights from the report, along with a WalletHub Q&A.

Unemployment Recovery in California (1=Most Recovered, 25=Avg.):

  • 53.40% Change in Unemployment (December 2021 vs December 2019)
    • 1,238,037 unemployed people in December 2021 vs 807,084 in December 2019;
    • 7th worst recovery in the U.S.
  • 50.28% Change in Unemployment (December 2021 vs January 2020)
    • 1,238,037 unemployed people in December 2021 vs 823,824 in January 2020;
    • 8th worst recovery in the U.S.
  • -29.19% Change in Unemployment (December 2021 vs December 2020)
    • 1,238,037 unemployed people in December 2021 vs 1,748,456 in December 2020;
    • 19th worst recovery in the U.S.
  • 8.71% Change in Not Seasonally Adjusted Continued Claims (December 2021 vs December 2019)
    • 353,715 continued claims in December 2021 vs 325,387 in December 2019;
    • 8th worst recovery in the U.S.
  • 6.5% Unemployment Rate (December 2021)
    • The highest unemployment rate in the U.S.

To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-rates/74907

This article was released by WalletHub.