WalletHub study shows Maryland is struggling with its unemployment recovery; unemployment claims last week were worse than the same week last year

Information via WalletHub:

Maryland is struggling with its unemployment recovery, with last week’s claims higher than key dates in 2020, according to WalletHub’s updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest, along with accompanying videos and audio files.

Key Stats:

  • Weekly unemployment claims in Maryland increased by 237.40% compared to the same week in 2019. This was the 4th biggest increase in the U.S.
  • Weekly unemployment claims in Maryland increased by 129.28% compared to the start of 2020. This was the 4th biggest increase in the U.S.
  • Weekly unemployment claims in Maryland increased by 19.44% compared to the same week last year. This was the 3rd biggest increase in the U.S.

To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-unemployment-claims/72730

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Maryland ranks 48th in the “States Whose Unemployment Claims Are Recovering the Quickest” study:

  • There were 353,000 new unemployment claims nationwide, which is a lot fewer than the 6.1 million during the peak of the pandemic (a 94% reduction).
  • Ten states had unemployment claims last week that were lower than before the pandemic: North Dakota, Arizona, Arkansas, South Carolina, Pennsylvania, Iowa, Vermont, New York, Kentucky and Louisiana.
  • Surprisingly, four states (Virginia, New Mexico, Maryland, and Oregon) and D.C. had unemployment claims last week that were worse than the same week last year.

The bottom 4 states / areas in the study include:

  • 48th: Maryland
  • 49th: Virginia
  • 50th: Washington DC
  • 51st: New Mexico

Other intersting data from the study:

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View the information from the study here: https://wallethub.com/edu/states-unemployment-claims/72730

Scott E

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