With the U.S. gaining 4.8 million jobs in June and the national unemployment rate at 11.1% compared to the nearly historic high of 14.7% at the peak of the coronavirus pandemic, WalletHub today released updated rankings for the States Whose 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.
This report examines unemployment rates on a monthly basis, complementing the weekly analysis in WalletHub’s report on the States Whose Unemployment Claims Are Recovering the Quickest.
In order to identify the states with the best recovery in unemployment rates, WalletHub compared the 50 states and the District of Columbia based on four key metrics. We looked at the change in each state’s unemployment rate during the latest month for which we have data (June 2020) compared to June 2019 and January 2020. We also compared not seasonally adjusted continued claims in June 2020 to June 2019. Finally, we considered each state’s overall unemployment rate. Below, you can see highlights from the report, along with a WalletHub Q&A.
Bounced Back Most
1. Kentucky
2. Idaho
3. Utah
4. Montana
5. Maine
6. Oklahoma
7. Wyoming
8. North Dakota
9. Missouri
10. Nebraska
Bounced Back Least
42. Florida
43. Illinois
44. California
45. Michigan
46. New Hampshire
47. Nevada
48. New York
49. Hawaii
50. New Jersey
51. Massachusetts
To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-rates/74907/