Oklahoma near bottom in unemployment recovery

BY STAFF REPORTS
06/22/2020 08:30 AM
WASHINGTON – According to WalletHub.com, Oklahoma’s unemployment rate isn’t recovering well from the COVID-19 pandemic.

In a June 18 article, WalletHub states that Oklahoma ranked 51st or last (rankings include the District of Columbia) in recovering from the pandemic with regards to unemployment claims for the week prior to June 18. It is also ranked 47th in the category of most recovered with regards to unemployment claims since the start of the pandemic.

The article states that in the week prior to the June 18, there were 1.5 million new unemployment claims nationwide, compared to 6.9 million during the peak of the pandemic (a 78% reduction).

It also states that May’s jobs report should be encouraging to American workers, as it shows that the U.S. actually gained 2.5 million nonfarm payroll jobs. This, the article states, demonstrates that the process of beginning to reopen states is going smoothly in terms of unemployment rates, and businesses are rehiring employees that they temporarily laid off while their buildings were closed. However, there were still 21 million Americans unemployed due to the COVID-19 pandemic, according to the article.

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