State Economies Most Exposed to Coronavirus – WalletHub Study

6/8/20

With most states starting to reopen some non-essential businesses but state economies reeling from the loss of revenue and the massive unemployment caused by COVID-19, WalletHub today released updated rankings for the State Economies Most Exposed to Coronavirus, as well as accompanying videos.

To identify which states are most vulnerable economically, WalletHub compared the 50 states and the District of Columbia across 14 key metrics. The data set ranges from the share of employment by small businesses to the share of a state’s GDP coming from highly affected industries to access to paid sick leave. Below, you can see highlights from WalletHub’s report, as well as a Q&A with WalletHub analysts.

Economic Exposure to Covid-19 in Texas (1=Best, 25=Avg.):

  • 26th – GDP Generated by Highly Affected Industries as Share of Total State GDP
  • 11th – Share of Employment from Highly Affected Industries
  • 14th – WalletHub’s "States Hit Most by Unemployment Claims" Score
  • 41st – Share of Employment from Small Businesses
  • 21st – Share of Workers Working from Home
  • 26th – Share of Workers with Access to Paid Sick Leave
  • 41st – State Rainy Day Funds as Share of State Expenditures
  • 24th – State Fiscal Condition Index

READ FULL ARTICLE HERE

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