Recovering from COVID: How are Louisiana Businesses Doing?
Another oft repeated term when referring to the latest Coronavirus statistics is "second wave." And across the country, some fear spikes in COVID-19 could threaten future job growth. But new unemployment claims last week were still down 79% below the Coronavirus pandemic peak. To put this all in context, and to look at numbers on a state-by-state basis, personal finance website WalletHub just released updated rankings for the States Whose Employment Claims are Recovering the Quickest.
To identify which states’ workforces are experiencing the quickest COVID 19 recovery, WalletHub compared the 50 states and the District of Columbia, comparing metrics based on changes in unemployment claims. Those metrics included comparing unemployment numbers from this time this year to last, changes in unemployment claims from the beginning of 2020 til now and changes in unemployment cases from the beginning of the pandemic compared to last year.
States Whose Unemployment Claims Are Recovering the Quickest:
4) New Jersey
5) South Dakota
States Whose Unemployment Claims Are Recovering the Slowest:
47) New Mexico
And not only is our state of Louisiana in the bottom five when in comes to overall recovery, our rank when it comes to economic particulars in no better. The state ranks 50 out of 51 in stats comparing the rate of recovery from the beginning of 2020 til now and 45 of 51 when looking at the change in unemployment numbers from the beginning of the pandemic compared to last year.