WalletHub Study

WalletHub Study

Unemployment has been directly impacted by Covid-19, but some states are recovering from unemployment claims faster than others.

According to a recent study done by WalletHub, over 17 million Americans are still unemployed as a direct result of Covid-19.

On a state by state basis, some states are recovering quicker than others since they are all reopening at different times.

The top three states with the quickest recovery in the past week compared to last year are Oregon, Rhode Island, and Wyoming.

Idaho finished pretty well coming in at 14 on the list but overall has seen one of the lowest increases in unemployment from last week compared to the beginning of the year with around a 59% increase.

Some of the states doing the worst, such as Louisiana have seen over an 1800% increase since last week.

Jill Gonzalez, Analyst, WalletHub said, "During the time since the Recession, so essentially this decade since the Recession, there were around 23 million jobs created. It took a month of Covid-19 to wipe all of those out completely."

Almost five million jobs were added in June, which exceeded projections.

Here is a link to the full study: https://wallethub.com/edu/states-unemployment-claims/72730/#main-findings


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