Unemployment claims for the last week of April hit 3.84 million, which was well above the 3.5 million expected by economists who were surveyed by the Dow Jones. From the start of the pandemic to the beginning of May, ~30.3 million Americans had lost their jobs due to the pandemic.
Despite May’s unemployment numbers coming in better than expected with a gain of 2.5 million non-farm payroll jobs, workers filed 1.5 million claims in the first week of June. During the peak of the pandemic, weekly claims reached 6.9 million. As of June 18, there were 21 million Americans unemployed because of the pandemic.
To identify states with the fastest recovery, WalletHub analyzed all 50 states and the District of Columbia. Below are their findings for the top 10.
Recovered most since last week
Recovered most since the start of the COVID-19 pandemic
With some states such as Florida and Texas experiencing spikes in cases, the above rankings will remain fluid.
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