The U.S. is making significant progress in the fight against COVID-19 with the distribution of the vaccine, and this has been reflected in the job market, as new unemployment claims decreased week-over-week on August 2. There are currently 8.7 million Americans unemployed due to the COVID-19 pandemic in total, though, and it’s important to look at some key stats for the latest week to get the full picture in New Mexico.
Currently, New Mexico is struggling to recover from new unemployment claims, with last week’s claims higher than at the start of 2020, according to WalletHub’s updated rankings for the States Whose Unemployment Claims Are Recovering the Quickest, along with accompanying videos and audio files.
Key Stats:
- Weekly unemployment claims in New Mexico in 2020 increased by 215.72% compared to 2019. This was the 4th biggest increase in the U.S.
- Weekly unemployment claims in New Mexico increased by 171.46% at the start of 2021 compared to the start of 2020. This was the 3rd biggest increase in the U.S.
- Weekly unemployment claims in New Mexico decreased by 60.86% this past week compared to the same week last year in 2020. This was the 24th biggest decrease in the U.S.
- New Mexico is ranked 48th in recovery since the COVID-19 crises began.
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/states-unemployment-claims/72730