With the U.S. gaining 916,000 jobs in February and the national unemployment rate at 6% compared to the nearly historic high of 14.7% at the peak during the coronavirus pandemic, WalletHub today released updated rankings for the States Whose Unemployment Rates Are Bouncing Back Most, along with accompanying videos and audio files, to illustrate which areas of the country have had the best recovery so far.

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 five key metrics that compare unemployment rate statistics from the latest month for which we have data (March 2021) to key dates in 2019 and 2020.

Below, you can see highlights from the report, along with a WalletHub Q&A.

Unemployment Recovery in New Jersey (1=Most Recovered, 25=Avg.):

• 112.54% Change in Unemployment (March 2021 vs March 2019)
  • 344,023 unemployed people in March 2021 vs 161,861 in March 2019;
  • 3rd worst recovery in the U.S.
• 84.25% Change in Unemployment (March 2021 vs January 2020)
  • 344,023 unemployed people in March 2021 vs 186,718 in January 2020;
  • 7th worst recovery in the U.S.
• 81.16% Change in Unemployment (March 2021 vs March 2020)
  • 344,023 unemployed people in March 2021 vs 189,899 in March 2020;
  • 4th worst recovery in the U.S.
• 15.27% Change in Not Seasonally Adjusted Continued Claims (March 2021 vs March 2019)
  • 120,159 continued claims in March 2021 vs 104,241 in March 2019;
  • 3rd best recovery in the U.S.
• 7.8% Unemployment Rate (March 2021)
  • 6th highest unemployment rate in the U.S.

To view the full report and your state’s rank, please visit: https://wallethub.com/edu/states-unemployment-rates/74907/