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LEXINGTON, Ky. (FOX 56) – Economies in the U.S. are showing signs of recovery as we approach the end of the second year of the COVID-19 pandemic.

According to WalletHub, there were 184,000 new unemployment claims worldwide. This is a staggering 97% reduction from the 6.1 million new worldwide claims reported during the pandemic’s peak.

The WalletHub report also showed every state reported reduced unemployment claims week-over-week on Nov. 29 as well as compared to the same week last year.

As for which states are recovering the fastest, WalletHub compared changes in unemployment claims to the number of claims for “key benchmark weeks”.

Currently, Kentucky ranks in the top three in terms of quickest recovery versus last week. The top five states were:

  1. Georgia
  2. Nebraska
  3. Kentucky
  4. Kansas
  5. South Carolina

Putting Kentucky’s recovery into context:

  • Weekly unemployment claims in Kentucky decreased by 55.69% compared to this same week in 2019, the 3rd largest decrease in the U.S.
  • Weekly unemployment claims in Kentucky decreased by 69.24% compared to the start of 2020, also the 3rd largest decrease in the U.S.
  • Weekly unemployment claims in Kentucky decreased by 80.51% compared to this same week in 2020, the 8th largest decrease in the U.S.

The report goes on to show that, overall, Kentucky has experienced the 15th best recovery since the onset of the COVID-19 pandemic.

StateRecovered Most Since Last Week Recovered Most Since Start of COVID-19 Crisis 
Georgia17
Nebraska221
Kentucky315
Kansas41
South Carolina54
Pennsylvania628
Rhode Island750
Maryland831
Delaware949
South Dakota105
New Hampshire113
Arizona129
Washington138
Colorado1424
Idaho1537
Arkansas1611
Massachusetts1720
Louisiana1810
New Jersey1922
Missouri2030
Iowa2118
Connecticut2234
Nevada2323
Montana2429
Illinois2533
Ohio2643
Oklahoma2732
Virginia2840
New York2919
Mississippi3013
Oregon3146
Vermont3244
Maine3314
West Virginia3447
Utah3545
Wyoming3638
Florida372
Texas3839
North Dakota3916
District of Columbia4051
Alabama4136
Minnesota4212
Wisconsin4341
California4426
Hawaii4525
Michigan4627
Indiana4717
Alaska4842
Tennessee4935
New Mexico5048
North Carolina516
Source: WalletHub