States Whose Unemployment Rates Are Bouncing Back the Quickest

Staff Report

Tuesday, June 21st, 2022

With the U.S. gaining 390,000 jobs in May, slightly less than in 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 (May 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. Minnesota

42. New York

2. New Hampshire

43. Pennsylvania

3. Nebraska

44. Alaska

4. Indiana

45. Texas

5. Kansas

46. Illinois

6. Utah

47. Nevada

7. Vermont

48. Hawaii

8. Montana

49. Delaware

9. Rhode Island

50. New Mexico

10. South Dakota

51. District of Columbia

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