With the U.S. gaining 678,000 jobs in February, exceeding the previous month’s 481,000 jobs, personal finance website WalletHub today released updated rankings for the States Whose Unemployment Rates Are Bouncing Back Most to illustrate which areas of the country have had the best recovery so far.
According to this study, Maryland comes in as the 5th worse, in terms to unemployment rate recovery, in the nation.
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 six key metrics that compare unemployment rate statistics from the latest month for which data is available (February 2022) to key dates in 2019, 2020 and 2021.
Below, you can see Maryland highlights from the report:
Unemployment Recovery in Maryland (1=Most Recovered, 25=Avg.):
- 45.34% Change in Unemployment (February 2022 vs February 2019)
- 159,002 unemployed people in February 2022 vs 109,401 in February 2019;
- 3rd worst recovery in the U.S.
- 17.47% Change in Unemployment (February 2022 vs January 2020)
- 159,002 unemployed people in February 2022 vs 135,354 in January 2020;
- 19th worst recovery in the U.S.
- 12.91% Change in Unemployment (February 2022 vs February 2020)
- 159,002 unemployed people in February 2022 vs 140,822 in February 2020;
- 19th worst recovery in the U.S.
- -11.89% Change in Unemployment (February 2022 vs February 2021)
- 159,002 unemployed people in February 2022 vs 180,453 in February 2021;
- 3rd worst recovery in the U.S.
- -25.86% Change in Not Seasonally Adjusted Continued Claims (February 2022 vs February 2019)
- 24,007 continued claims in February 2022 vs 32,382 in February 2019;
- 19th best recovery in the U.S.
- 5.0% Unemployment Rate (February 2022)
- 7th 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