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Sunday, October 6, 2024

Georgia ranks 51st in unemployment claim recovery amid COVID-19 pandemic

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After a year of dealing with COVID-19, some states are recovering quicker than others in terms of unemployment rates as the nation attempts to get back on its feet.

Georgia has taken the 36th spot since last week and is ranked 51st since the COVID-19 crisis began.

Georgia has seen a 382.13 percent change when comparing unemployment claims from the latest week to 2019 claims.

The state also has seen 56.25 percent change when comparing claims from the latest week to claims from the start of 2020. 

Georgia has seen a change in unemployment claims since the start of the COVID-19 crisis compared to the previous year at a rate of 1722.77 percent.

Some states have been slow to reopen, while others are going full-steam ahead. New unemployment claims are slowly starting to decrease, WalletHub reports. 

There are currently approximately 10.7 million Americans who are unemployed due to the COVID-19 pandemic and restrictions that are in place.

New unemployment claims are slowly starting to decrease, though some states are still severely struggling due to restrictions set forth by state and local leaders.

California has experienced the largest recovery so far and Kansas experienced the smallest when comparing all 50 states and the District of Columbia. 

The WalletHub report noted that there were 847,000 new unemployment claims nationwide, which is an 88 percent reduction from the 6.9 million during the peak of the pandemic early last year.

The WalletHub report looked at three metrics to rank the states. 

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