Thursday, March 11, 2021

Florida Among Slowest States In Unemployment Recovery

According to a new study by WalletHub.com, Florida rank poorly among the 50 states in recovery from unemployment rates since the beginning of the pandemic.

The report says, "To identify which states’ workforces are experiencing the quickest recovery from COVID-19, WalletHub compared the 50 states and the District of Columbia across three metrics based on changes in unemployment claims. Below, you can see highlights from the report, along with a WalletHub Q&A. To see the states most recovered since the beginning of the COVID-19 pandemic, click here.

"Change in Florida Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):
157.98% Change in Unemployment Claims (Latest Week vs 2019)
16,005 the week of March 1, 2021 vs 6,204 the week of March 4, 2019
25th quickest recovery in the U.S.

"246.58% Change in Unemployment Claims (Latest Week vs Start of 2020)
16,005 the week of March 1, 2021 vs 4,618 the week of January 1, 2020
12th slowest recovery in the U.S.

"1,518.97% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Previous Year)
4,573,610 between the week of March 16, 2020 and the week of March 1, 2021 vs 301,099 between the week of March 18, 2019 and the week of March 2, 2020
2nd slowest recovery in the U.S."

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

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