Study Shows Indiana’s Unemployment Claims Have Experienced the 8th Slowest Recovery in the U.S.

June’s jobs report shows that the U.S. added an additional 4.8 million jobs, and new unemployment claims last week were 81% 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 Unemployment Claims Are Recovering the Quickest.

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 Indiana Unemployment Claims (1=Quickest Recovery, 25=Avg.):

• 1,052.44% Change in Unemployment Claims (Latest Week vs Last Year)
  • 24,086 the week of June 29, 2020 vs 2,090 the week of July 1, 2019
  • 5th slowest recovery in the U.S.
     
• 443.21% Change in Unemployment Claims (Latest Week vs Start of 2020)
  • 24,086 the week of June 29, 2020 vs 4,434 the week of January 1, 2020
  • 18th slowest recovery in the U.S.
     
• 2,411.64% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs. Last Year)
  • 863,247 between the week of March 16, 2020 and the week of June 29, 2020 vs 35,795 between the week of March 18, 2019 and the week of July 1, 2019
  • 7th 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/.