NEW YORK (WWTI) — Although nationwide job growth continues to be slower than anticipated by experts, a recent study has determined that unemployment claims are significantly less now, than during the same time frame in 2020.
According to the personal finance website WalletHub’s study, States Whose Unemployment Claims are Recovering the Quickest, 9.8 million Americans remain unemployed due to the pandemic. However, looking back on statistics from the latest week, there was a 93% reduction in new unemployment claims compared to last year.
The study also identified which state’s workforces are experiencing the quickest recovery from COVID-19 by comparing the 50 states and District of Columbia based on changes in unemployment.
Specifically, compare to last week, Vermont has recovered the quickest and Rhode Island recovered the slowest.
Compared to the start of the COVID-19 crisis, New Hampshire has recovered the quickest and West Virginia has recovered the slowest.
New York State was determined to have the 5th fastest recovery in the past week and the 19th slowest recovery nationwide since the start of the COVID-19 crisis. It was also found to have second smallest increase in unemployment claims last week compared to the start of 2020, and the fourth smallest increase in unemployment claims last week compared to the same week in 2020.
Additional findings for unemployment recovery in New York are listed below:
- Weekly unemployment claims increased by 71.10% compared to the same week in 2019
- Weekly unemployment claims decreased by 54.70% compared to the start of 2020
- Weekly unemployment claims decreased by 90.03% compared to the same week last year
A full ranking of states is detailed in the chart below:
|State||Recovered Most Since Last Week||Recovered Most Since Start of COVID-19 Crisis|
|District of Columbia||40||40|