BALTIMORE, MD—Unemployment claims seem to be dropping quickly in Maryland.

For the week of January 23, new unemployment claims in Maryland were 11.97% lower than in the previous week, despite high inflation and the threat of a recession, according to WalletHub’s updated rankings for the States Where Unemployment Claims Are Decreasing the Most.

Key Stats:

• Weekly unemployment claims in Maryland decreased by 11.97% compared to the previous week. This was the 5^th biggest decrease in the U.S.
• Weekly unemployment claims in Maryland were 39.68% lower than in the same week last year. This was the 8^th biggest decrease in the U.S.
• Weekly unemployment claims in Maryland were 57.07% lower than in the same week pre-pandemic (2019). This was the biggest decrease in the U.S.
• Unemployment Insurance Initial Claims per 100,000 People in Labor Force in Maryland: 55

The full report can be viewed at WalletHub here.

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