Despite recent spikes in COVID-19, new unemployment claims decreased week-over-week on July 27, and were still 83% 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 New Jersey Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):

• 93.11% Change in Unemployment Claims (Latest Week vs Last Year)
  • 15,845 the week of July 27, 2020 vs 8,205 the week of July 29, 2019
  • The quickest recovery in the U.S.
• 3.39% Change in Unemployment Claims (Latest Week vs Start of 2020)
  • 15,845 the week of July 27, 2020 vs 15,325 the week of January 1, 2020
  • 2nd quickest recovery in the U.S.
• 766.64% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
  • 1,418,671 between the week of March 16, 2020 and the week of July 27, 2020 vs 185,051 between the week of March 18, 2019 and the week of July 29, 2019
  • 3rd 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/.