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
4. South Dakota
Bounced Back Least
47. New York
49. New Jersey
To view the full report and your state’s rank, visit https://wallethub.com/edu/states-unemployment-rates/74907/