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Wallethub-South Dakota Has the Fastest Recovery for Weekly Unemployment Claims in the U.S.

Wallethub-South Dakota Has the Fastest Recovery for Weekly Unemployment Claims in the U.S.

South Dakota Has the Fastest Recovery for Weekly Unemployment Claims in the U.S.


WalletHub - October 1, 2020

UNDATED - Despite the fact that the U.S. is still hit hard by coronavirus, new unemployment claims decreased week-over-week on September 21, and were 88% 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 South Dakota Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):

  • 58.50% Change in Unemployment Claims (Latest Week vs Last Year)
    • 233 the week of September 21, 2020 vs 147 the week of September 23, 2019
    • The quickest recovery in the U.S.
       
  • -41.46% Change in Unemployment Claims (Latest Week vs Start of 2020)
    • 233 the week of September 21, 2020 vs 398 the week of January 1, 2020
    • The quickest recovery in the U.S.
       
  • 1,438.73% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
    • 64,786 between the week of March 16, 2020 and the week of September 21, 2020 vs 4,503 between the week of March 18, 2019 and the week of September 23, 2019
    • 11th slowest 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/.



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