Which States’ Economies Are The Most Vulnerable When It Comes To Coronavirus Fallout?

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As nonessential businesses across the country are forced to close their doors to help slow the spread of the virus the economy is expected to take a major blow.

As a result, employees have been laid off which lead to a record number of Americans applying for unemployment, around 3.28 million, according to the Labor Department.

Some state economies, however, will be hit harder than others.

WalletHub published a report on Tuesday that found which of the state’s economies are the “most exposed” to coronavirus.

The personal finance website analyzed all 50 states and Washington, D.C. The report was based on 10 measurements within two categories: “High Impact Industries & Workforce” and “Resources for Businesses to Cope Better with the Crisis.”

WalletHub was also able to rank states based on other specific measurements.

Rhode Island, for example, was found to have the highest increase in the number of unemployment insurance claims and Utah had the lowest increase.

The three states tied for the least prepared for digital economy were Alaska, New Jersey, and Rhode Island. On the other hand Georgia, Michigan, Missouri, Ohio, and Utah were the states tied for most prepared for the digital economy.

The states with the lowest share of workers with access to paid sick leave are Alabama, Illinois, Indiana, Kentucky, Michigan, and Mississippi while the states with the highest share are Alaska, California, Hawaii, Oregon, and Washington.

As for overall ranking, these are the state economies that are the most vulnerable to the coronavirus, according to WalletHub.

10. Illinois

9. Massachusetts

8. New Jersey

7. Montana

6. Pennsylvania

5. New Hampshire

4. Maine

3. Nevada

2. Rhode Island

1. Louisiana

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