Texas ranked 4th worst state in unemployment rate recovery, study finds
The Houston skyline on Dec. 17, 2018. Photo credit: Miguel Gutierrez Jr./The Texas Tribune (Texas Tribune)
HOUSTON – Texas ranked as the fourth worst state in unemployment recovery amid the COVID-19 pandemic, according to a recent study by WalletHub. Data showed the state’s unemployment was 8% in November 2020.
According to the study, the unemployment rate in Texas increased by 135.2% from November 2020 to November 2019. The study also found that “adjusted continued claims” also increased by 283.2% year-over-year.
In comparison, the national unemployment was 6.7% in November and hit a historic high of 14.7% at the peak during the coronavirus pandemic. The U.S. also added 245,000 jobs in November.
Click here to see the complete study.
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