Updated: New Mexico Has the 7th Slowest Recovery for Weekly Unemployment Claims in the U.S.
Despite the fact that the U.S. is still firmly in the grip of the COVID-19 pandemic, new unemployment claims decreased week-over-week on August 24, and were 87% 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.
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.
Change in New Mexico Weekly Unemployment Claims (1=Quickest Recovery, 25=Avg.):
- 533.90% Change in Unemployment Claims (Latest Week vs Last Year)
- 4,133 the week of August 24, 2020 vs 652 the week of August 26, 2019
- 8th slowest recovery in the U.S.
- 417.27% Change in Unemployment Claims (Latest Week vs Start of 2020)
- 4,133 the week of August 24, 2020 vs 799 the week of January 1, 2020
- 5th slowest recovery in the U.S.
- 1,258.48% Change in Unemployment Claims (Since Start of COVID-19 Crisis vs Last Year)
- 234,304 between the week of March 16, 2020 and the week of August 24, 2020 vs 18,618 between the week of March 18, 2019 and the week of August 26, 2019
- 19th slowest recovery in the U.S.
How might the Labor Day holiday help or hurt U.S. employment?
“Initially, Labor Day should help U.S. employment because it is a day where retailers typically offer substantial sales. The holiday should lead to a bump in retail purchases, which will put more money in the hands of merchants for future hiring,” said Jill Gonzalez, WalletHub analyst. “As beneficial as Labor Day has the potential to be, it’s also possible for the holiday to hurt unemployment in the long run. If people do not practice social distancing and hold mass gatherings without safety precautions, Labor Day could lead to spikes in COVID-19 that would cause more business shutdowns and therefore more unemployment.”
What measures can we use to detect/trace COVID-19 in the workplace to prevent outbreaks that will lead to more unemployment?
“In order to prevent outbreaks of COVID-19 in the workplace that will lead to more unemployment, we should implement testing upon arrival as well as use apps to perform swift contact tracing for any employees found to have the virus,” said Jill Gonzalez, WalletHub analyst. “The problem with current COVID-19 testing is that in order to preserve accuracy it is expensive and slow. For workplaces and public spaces like airports, we need to have cheap, near-instant tests available for mass testing, even if they are not quite as accurate. Such tests are in development but need FDA approval.”
How will unemployment be impacted if schools only hold remote learning this fall?
“If schools only provide remote learning this fall, we could see a jump in unemployment. Young children will need supervision during the day, and parents who are unable to do their job remotely may be forced to take a leave from work to provide that supervision,” said Jill Gonzalez, WalletHub analyst. “Forcing parents to stay home could be especially devastating financially for single-parent households. To avoid a spike in unemployment, we should create a detailed plan for having in-person learning while providing a high level of safety for students and teachers, which will allow us to minimize negative consequences for both public health and the economy.”
How is the wearing of masks linked to unemployment?
“Wearing masks helps prevent the release of droplets from the mouth or nose that may contain COVID-19, which consequently can help minimize the spread of the virus. Countries with more prevalent mask wearing have been less impacted by coronavirus, so mandating the use of masks in public may help us proceed to a full reopening sooner,” said Jill Gonzalez, WalletHub analyst. “Consumers are more comfortable going out when they know everyone will be wearing masks, according to a recent WalletHub survey, and greater confidence leads to more people leaving the house and supporting businesses again.”
How do red states and blue states compare when it comes to recovery?
“With an average rank of 24 among the most recovered states, blue states had a better recovery from unemployment claims last week than red states, which rank 27 on average,” said Jill Gonzalez, WalletHub analyst. “The lower the number of the ranking, the bigger the state’s recovery was.”
How has unemployment in California – the state with the most COVID-19 cases – recovered?
“California’s unemployment claims have experienced the 6th slowest recovery in the U.S. For the week of August 24, California had 236,874 new unemployment claims, a 78% decrease from the peak during the coronavirus pandemic,” said Jill Gonzalez, WalletHub analyst.
Santa Fe Store Fined $79K For Going Against State Mask Mandate! Gotta Be a Better Way!
I do not agree with the type of control that the Governor has. I wear a mask when I go into a store here in Albuquerque, But to fine a business tons of money over the mask mandate…I don’t agree. The overreach from the Governor is too much. I say again…The Governor is controlling God’s Church here in New Mexico! I never thought I would see this in my lifetime. I am very, very concerned about the freedoms that have been taken way from us in this state. My heart breaks at all the restaurants that have gone out of business and will go out of business as this lockdown continues, so many dreams crushed, so many bankrupted, emotionally shot, so many without a job. I had dear friend come down with COVID and she got very, very sick. I know the situation. My wife and one of our daughters are in harms way everyday at work at their respective health care facilities. There has got to be a way found to open up the state and save the state from further emotional, economic disaster. Where is the balance Governor? It cannot be all your way. A $79,000 fine will shutdown any small business, gotta be a better way. Empathy for all sides. We have got to have our Churches, jobs, livelihood and a economy.
I just got back from my 3 mile run with Daisy…while running God spoke to me as He often does on these runs. I pray that Governor Lujan Grisham will hold a public meeting and hear from all of us, not just the press at her COVID updates! Please hear us Governor, all of us!!! You are to represent us all! Why not on your next COVID update invite ordinary citizens like me to ask you questions about your rulings and plans for our future?
Why not set up a ZOOM Conference with Pastors? and Business owners? Talk to us, please do not dictate and speak down to us, like you have been doing, especially to the residents of Espanola.. We deserve better from an elected official.