State ranks 18th in unemployment claims recovery, gaining: Study

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Unemployment claim form via MGN Online

LEXINGTON, Ky. (WTVQ) – With more than 5 percent of unemployment claims filed in March, April and May still being processed, people who are depseperately awaiting unemployment assistance in Kentucky have somethig to complain about.

That’s especially true as Congress tries to decide whether to extend the $600 a week bonus it approved back in April. That’s scheduled to run out this week.

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But while Kentuckians complain about problems with the unemployment system, the state is better off than more than 30 others, according to an ongoing review of unemployment claims by the personal finance website Wallethub.

While the U.S. has seen some consistent job growth in recent weeks, the surge in COVID-19 cases across the U.S continues to pose a threat to further growth. Many states are temporarily pausing their reopening processes due to COVID-19 spikes, and some areas within those states are even closing down some of the businesses that previously reopened.

According to the most recent numbers, 17.8 million Americans are unemployed due to the COVID-19 pandemic. Last week, 1.4 million new unemployment claims were filed nationwide, which is down 79 percent from the 6.9 million during the peak of the pandemic.

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.

WalletHub’s just released updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest (https://wallethub.com/edu/states-unemployment-claims/72730/), show Kentucky ranks 18th nationally while Ohio is 17th, Illinois 13th, West Virginia 7th and Missouri 6th.

Based on the analysis, which looks at every two weeks, Kentucky is gaining on the others.

Meanwhile, Tennessee, Indiana and Virginia are among the worst in the country.

Most Recovered Last Week Least Recovered Last Week
1. Michigan              42. Arkansas
2. Oregon                43. Nevada
3. Pennsylvania          44. Alaska
4. New Jersey            45. Mississippi
5. South Dakota          46. Tennessee
6. Missouri              47. New Mexico
7. West Virginia         48. Louisiana
8. Maine                 49. Virginia
9. Massachusetts         50. Georgia
10. Connecticut          51. Florida