Arizona among states whose unemployment rates are bouncing back least

Above: Photo by James Frid from Pexels Business News | 19 Dec, 2020 |

With the U.S. gaining 245,000 jobs in November and the national unemployment rate at 6.7% compared to the nearly historic high of 14.7% at the peak during the coronavirus pandemic, WalletHub today released updated rankings for the States Whose November Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.

In order to identify the states with the best recovery in unemployment, WalletHub compared the 50 states and the District of Columbia based on four key metrics. WalletHub looked at the change in each state’s unemployment during the latest month for which we have data (November 2020) compared to November 2019 and January 2020. WalletHub also compared not seasonally adjusted continued claims in November 2020 to November 2019. Finally, researchers considered each state’s overall unemployment rate.

Here are the highlights from the report:

Bounced Back Most

1. Iowa

2. Vermont

3. Nebraska

4. South Dakota

5. Missouri

6. Minnesota

7. Montana

8. Alabama

9. Utah

10. Delaware

Bounced Back Least

42. Colorado

43. Arizona

44. Connecticut

45. Louisiana

46. California

47. New York

48. Texas

49. New Jersey

50. Nevada

51. Hawaii

To view the full report and your state’s rank, visit https://wallethub.com/edu/states-unemployment-rates/74907/

 

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