WASHINGTON, DC-With the U.S. gaining 678,000 jobs in February, exceeding the previous month’s 481,000 jobs, WalletHub today released updated rankings for the States Whose Unemployment Rates Are Bouncing Back Most.
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 (February 2022) to key dates in 2019, 2020 and 2021.
Below, you can see highlights from the report for Alabama:
Unemployment Recovery in Alabama (1=Most Recovered, 25=Avg.):
- -16.16% Change in Unemployment (February 2022 vs February 2019)
- 68,703 unemployed people in February 2022 vs 81,949 in February 2019;
- 10th best recovery in the U.S.
- -8.47% Change in Unemployment (February 2022 vs January 2020)
- 68,703 unemployed people in February 2022 vs 75,060 in January 2020;
- 16th best recovery in the U.S.
- -11.89% Change in Unemployment (February 2022 vs February 2020)
- 68,703 unemployed people in February 2022 vs 77,971 in February 2020;
- 14th best recovery in the U.S.
- -19.23% Change in Unemployment (February 2022 vs February 2021)
- 68,703 unemployed people in February 2022 vs 85,058 in February 2021;
- 8th worst recovery in the U.S.
- -71.58% Change in Not Seasonally Adjusted Continued Claims (February 2022 vs February 2019)
- 4,517 continued claims in February 2022 vs 15,894 in February 2019;
- The best recovery in the U.S.
- 3.0% Unemployment Rate (February 2022)
- 14th lowest unemployment rate in the U.S.
To view the full report and your state’s rank, please visit: https://wallethub.com/edu/
Media Releae/Diana Polk/WalletHub
