Statewide — Despite the fact that the U.S. is experiencing an uptick in COVID-19 cases and hospitalizations, new unemployment claims decreased week-over-week on October 26, and were 89% below the peak during the COVID-19 pandemic. WalletHub just released updated rankings for the States Whose Weekly Unemployment Claims Are Recovering the Quickest.
Indiana ranked 44th for the quickest overall recovery since the start of the pandemic and 44 for the week in recovery. To compare, Ohio ranked 22nd and Kentucky ranked 37th. Oregon ranked 1st. 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. To see the states most recovered since the beginning of the COVID-19 pandemic, click here.
Change in Indiana Weekly Unemployment Claims (1=Quickest Recovery, 25=Average):
• 483.79% Change in Unemployment Claims (Latest Week vs Last Year)
* 13,900 the week of October 26, 2020 vs 2,381 the week of October 28, 2019
* 5th slowest recovery in the U.S.
• 213.49% Change in Unemployment Claims (Latest Week vs Start of 2020)
* 13,900 the week of October 26, 2020 vs 4,434 the week of January 1, 2020
* 11th slowest recovery in the U.S.
• 1,454.85% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
* 1,100,914 between the week of March 16, 2020 and the week of October 26, 2020 vs 75,672 between the week of March 18, 2019 and the week of October 28, 2019
* 8th slowest recovery in the U.S.
