By Ellen Fike, Cowboy State Daily
Wyoming has been ranked in the top 10 states when it comes to the fastest recovering unemployment rates, a recent study declared.
Wyoming placed tenth for improvements in its unemployment rate seen since the coronavirus pandemic began in mid-March, according to personal finance website WalletHub.
Unemployment claims from the week of Sept. 10 compared to the same week last year are up by 150%, with 610 claims submitted last week vs. 244 the same week last year.
However, unemployment rates are down by 7.85% compared to the start of 2020, with 662 claims coming in the week of Jan. 1 compared to last week’s 610.
Unemployment rates are up 823.47% during the period from the beginning of the pandemic to last week when compared to the same period last year.
There were 63,827 unemployment claims in Wyoming between the week of March 16 and Sept. 9 compared to 7,751 between the week of March 18, 2019 and Sept. 9, 2019.
Oregon had the best recoveries when it came to unemployment claims over the last week and since the beginning of the pandemic. Kansas had the worst unemployment recoveries over the past week, but Georgia had the worst recoveries since the beginning of the pandemic.
WalletHub found that blue states’ unemployment claims are recovering faster than red states’ claims.