Maryland is having a successful recovery from new unemployment claims, with last week’s claims lower than in the same week in 2019, according to personal finance website WalletHub’s updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest.
Key Stats for Maryland:
- Weekly unemployment claims in Maryland decreased by 27.35% compared to the same week in 2019. This was the 11th biggest decrease in the U.S.
- Weekly unemployment claims in Maryland decreased by 32.42% compared to the start of 2020. This was the 22nd biggest decrease in the U.S.
- Weekly unemployment claims in Maryland decreased by 92.60% compared to the same week last year. This was the 2nd biggest decrease in the U.S.
The U.S. is making significant progress recovering from the pandemic and this has been reflected in the job market, as new unemployment claims decreased week-over-week on January 24.
Per WalletHub, there are currently 6.3 million Americans unemployed due to the COVID-19 pandemic in total, though, and it’s important to look at some key stats for the latest week to get the full picture:
- There were 238,000 new unemployment claims nationwide, which is a lot fewer than the 6.1 million during the peak of the pandemic (a 96% reduction).
- The good news is that every state had unemployment claims last week that were better than the same week last year.
- 29 states had unemployment claims last week that were lower than before the pandemic except for Indiana, Tennessee, Kentucky, Alabama, Michigan, Hawaii, Ohio, Utah, Connecticut, West Virginia, California, Wyoming, Alaska, Georgia, Nevada, Texas, Minnesota, Colorado, North Carolina, Mississippi, Massachusetts, and D.C.
To identify which states’ workforces are experiencing the quickest recovery from COVID-19, WalletHub compared the 50 states and the District of Columbia based on changes in unemployment claims for several key benchmark weeks.
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-unemployment-claims/72730
