Thursday, May 30, 2024

Louisiana ranks 2nd in coronavirus-related unemployment

by BIZ Magazine

Stacey Tinsley | Bossier Press-Tribune

The coronavirus has taken a severe toll on the U.S. economy, especially in Louisiana. 

Louisiana ranks second among the top 10 states in the nation with the biggest increase in unemployment due to the coronavirus, according to WalletHub, a company which tracks economic issues impacting employers and employees across the United States.

“Today’s unemployment numbers show that roughly 26.5 million Americans have lost their jobs since the start of the coronavirus pandemic, completely wiping out the 22.7 million new jobs created since the Great Recession and adding another somber milestone to the economic toll this novel virus has taken on the U.S,” a recent WalletHub press release reported.

To identify which states’ workforces have been hurt most by COVID-19, WalletHub compared the 50 states and the District of Columbia based on increases in unemployment claims. The site used this data to rank the most impacted states in both the latest week for which there is data (April 13) and overall since the beginning of the coronavirus crisis (March 16). Here are highlights from the report:

Increase in Louisiana Unemployment Due to Coronavirus (1=Worst, 25=Avg.):

5,677.72% Increase in Unemployment Claims (April 2020 vs April 2019)

92,039 the week of April 13, 2020 vs 1,593 the week of April 15, 2019

2nd highest increase in the U.S.

5,451.21% Increase in the Number of Unemployment Claims (April 2020 vs January 2020)

92,039 the week of April 13, 2020 vs 1,658 the week of January 1, 2020

2nd highest increase in the U.S.

5,250.58% Increase in Unemployment Claims Since Pandemic Started

442,151 between March 16, 2020 and April 13, 2020 vs 8,421 between March 18, 2019 and April 15, 2019

2nd highest increase in the U.S.

The state with the current largest number of COVID-19 cases in the U.S. is New York.

“New York has seen a 357% increase in initial unemployment claims from the beginning of 2020 to the week of April 13,” said Jill Gonzalez, WalletHub analyst. “This is better than the average increase of 1,544%.”

Here are WalletHub’s rankings of states that are performing best under the current economic impact of the coronavirus, followed by those states hit hardest by COVID-19

Least Affected States

(week beginning April 13)

1. Rhode Island

2. Oregon

3. Wyoming

4. Massachusetts

5. Vermont

6. Wisconsin

7. Idaho

8. Montana

9. Illinois

10. New Jersey

Most Affected States

(week beginning April 13)

1. Florida 

2. Louisiana 

3. West Virginia 

4. Kentucky

5. Mississippi 

6. Georgia 

7. North Carolina 

8. New Hampshire 

9. Virginia 

10. Colorado 

“States should aggressively focus on helping the companies in the most need. The federal response will include sending checks to most citizens, even those whose income has not been affected by the coronavirus. States can use a more targeted approach to divert resources to the companies affected the most, thus having maximum impact for the money spent,” said Jill Gonzalez, WalletHub analyst.

To view the full report visit:

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