Oklahoma leads the nation in a WalletHub report, “States Whose Unemployment Claims Are Recovering the Quickest.”
Even though many states have been hit by a surge in COVID-19 cases, new unemployment claims decreased week-over-week on November 23. In Oklahoma, the recovery was particularly good, as there were 9% fewer claims that week versus the same week last year.
There are 11.1 million Americans unemployed due to the pandemic in total. In late November, there were 712,000 new unemployment claims , which is a lot fewer than the 6.9 million during the peak of the pandemic (a 90% reduction).
States Whose Unemployment Claims Are Recovering the Quickest
- Oklahoma
- Wyoming
- South Dakota
- South Carolina
- Pennsylvania
- New Jersey
- Iowa
- West Virginia
- Arkansas
- Connecticut
Change in Oklahoma Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):
- -9.07% Change in Unemployment Claims (Latest Week vs Last Year)
- 2,657 the week of November 23, 2020 vs 2,922 the week of November 25, 2019
- The quickest recovery in the U.S.
- -9.72% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 2,657 the week of November 23, 2020 vs 2,943 the week of January 1, 2020
- 6th quickest recovery in the U.S.
- 1,363.65% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 929,571 between the week of March 16, 2020 and the week of November 23, 2020 vs 68,168 between the week of March 18, 2019 and the week of November 25, 2019
- 7th slowest recovery in the U.S.
To see the full report, go to WalletHub.com.