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<img loading="" class="lazyload size-article_feature" data-sizes="auto" alt="States where the economy has recovered the most from COVID-19 | Rebuilding the nation will depend largely on how well America can continue to contain the spread of COVID-19. As of June 2021, nearly 50% of Americans have received at least one dose of the vaccine, which has allowed states and businesses to more fully reopen, increasing spending and revenue. But even as many states have returned to some semblance of normalcy, most statewide economies will need more time before they’ve returned to pre-pandemic levels.Credible analyzed economic data to create a weighted index that shows which states recovered the most from the coronavirus. To determine which state economies are recovering the most, Credible looked at four key metrics: change in unemployment rates, change in the number of jobs in the state, change in gross domestic product, and change in home values. Each metric and then the weighted average of all four metrics was graded on a 100-point scale, so an index score of 100 represents the highest economic recovery between 2020 and 2021. April 2021 unemployment rates are from the U.S. Bureau of Labor Statistics. The House Price Index scores are from the Federal Housing Finance Agency, and measures housing price changes in single-family homes. Job growth statistics also come from the Bureau of Labor Statistics. The real GDP amounts for every state are from the U.S. Bureau of Economic Analysis
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. All statistics in this story are the most recent available as of June 10, 2021. (Canva)” title=”States where the economy has recovered the most from COVID-19 | Rebuilding the nation will depend largely on how well America can continue to contain the spread of COVID-19. As of June 2021, nearly 50% of Americans have received at least one dose of the vaccine, which has allowed states and businesses to more fully reopen, increasing spending and revenue. But even as many states have returned to some semblance of normalcy, most statewide economies will need more time before they’ve returned to pre-pandemic levels.Credible analyzed economic data to create a weighted index that shows which states recovered the most from the coronavirus. To determine which state economies are recovering the most, Credible looked at four key metrics: change in unemployment rates, change in the number of jobs in the state, change in gross domestic product, and change in home values. Each metric and then the weighted average of all four metrics was graded on a 100-point scale, so an index score of 100 represents the highest economic recovery between 2020 and 2021. April 2021 unemployment rates are from the U.S. Bureau of Labor Statistics. The House Price Index scores are from the Federal Housing Finance Agency, and measures housing price changes in single-family homes. Job growth statistics also come from the Bureau of Labor Statistics. The real GDP amounts for every state are from the U.S. Bureau of Economic Analysis. All statistics in this story are the most recent available as of June 10, 2021. (Canva)” src=”/wp-content/uploads/migration/2021/07/08/5ZNJ3YRXCZGL3GTU4RHB6X72TY.png”>
Unemployment rate in April 2021: 3.5% (7.7% less than in April 2020) – House Price Index score in Q1 of 2021: 293.7 (10.2% greater than in 2020) – Jobs existing in April 2021: 1,372,400 (8% greater than in April 2020) – Real GDP in Q4 of 2020: $178.3 billion (current dollars, 10.5% greater than in Q2 of 2020) (Andriy Blokhin/Shutterstock)
