The following information is from WalletHub on April 15, 2022:
With the U.S. gaining 431,000 jobs in March, below the previous month’s 750,000 jobs, 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.
In order to identify the states whose unemployment rates are bouncing back most, WalletHub compared the 50 states and the District of Columbia based on six key metrics that compare unemployment rate statistics from the latest month for which data is available (March 2022) to key dates in 2019, 2020 and 2021.
Below, you can see highlights from the report, along with a WalletHub Q&A.
Unemployment Recovery in Maryland (1=Most Recovered, 25=Avg.):
- 40.96% Change in Unemployment (March 2022 vs March 2019)
- 148,224 unemployed people in March 2022 vs 105,156 in March 2019;
- 2nd worst recovery in the U.S.
- 9.51% Change in Unemployment (March 2022 vs January 2020)
- 148,224 unemployed people in March 2022 vs 135,354 in January 2020;
- 20th worst recovery in the U.S.
- 4.69% Change in Unemployment (March 2022 vs March 2020)
- 148,224 unemployed people in March 2022 vs 141,584 in March 2020;
- 12th worst recovery in the U.S.
- -17.26% Change in Unemployment (March 2022 vs March 2021)
- 148,224 unemployed people in March 2022 vs 179,145 in March 2021;
- 3rd worst recovery in the U.S.
- -27.91% Change in Not Seasonally Adjusted Continued Claims (March 2022 vs March 2019)
- 20,843 continued claims in March 2022 vs 28,913 in March 2019;
- 25th worst recovery in the U.S.
- 4.6% Unemployment Rate (March 2022)
- 10th highest unemployment rate in the U.S.
To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-rates/74907
Top 5 include:
Bottom 5 include:
49 New Mexico
51 District of Columbia