States Whose Unemployment Rates Are Bouncing Back the Quickest – WalletHub Study

Staff Report

Tuesday, June 28th, 2022

With the U.S. gaining 428,000 jobs in April, the same as the previous month, 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 six key metrics that compare unemployment rate statistics from the latest month for which data is available (April 2022) to key dates in 2019, 2020 and 2021.

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

Bounced Back Most 

Bounced Back Least 

1. Utah

42. Illinois

2. Nebraska

43. Pennsylvania

3. Indiana

44. Nevada

4. Montana

45. Texas

5. Minnesota

46. Alaska

6. New Hampshire

47. Connecticut

7. Kansas

48. Hawaii

8. South Dakota

49. Delaware

9. Vermont

50. New Mexico

10. Oklahoma

51. District of Columbia

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