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STUDY: Nevada has the 3rd slowest recovery for weekly unemployment claims in the US

Nevada unemployment rate rises slightly
Posted at 7:32 AM, Aug 13, 2020
and last updated 2020-08-14 08:46:46-04

Nevada has the 3rd slowest recovery for weekly unemployment claims in the US, according to a new study by WalletHub. Only Georgia and Florida are recovering slower than the state of Nevada. The state that has recovered the most is New Jersey.

Despite COVID-19 raging across the U.S., new unemployment claims decreased week-over-week on Aug. 3 and were still 86% below the peak during the COVID-19 pandemic. To help add some context to these statistics, WalletHub just released updated rankings for the States Whose Weekly Unemployment Claims Are Recovering the Quickest, along with accompanying videos and audio files.

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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.

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Change in Nevada Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):

  • 832.34% Change in Unemployment Claims (Latest Week vs Last Year)
    • 20,642 the week of August 3, 2020 vs 2,214 the week of August 5, 2019
    • 4th slowest recovery in the U.S.
  • 811.75% Change in Unemployment Claims (Latest Week vs Start of 2020)
    • 20,642 the week of August 3, 2020 vs 2,264 the week of January 1, 2020
    • 2nd slowest recovery in the U.S.
  • 1,322.28% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
    • 617,451 between the week of March 16, 2020 and the week of August 3, 2020 vs 46,696 between the week of March 18, 2019 and the week of August 5, 2019
    • 22nd slowest recovery in the U.S.

To view the full report and your state’s rank, click here.