Wallethub: Louisiana ranks second in unemployment

By Stacey Tinsley

As the U.S. economy has slowed to a crawl due to COVID-19, countless businesses have shut their doors in accordance with the resulting social distancing policies. Consequently, many businesses have furloughed or laid off employees, and 33.5 million Americans have found themselves temporarily or permanently out of a job since the week of March 16.

Louisiana had the second biggest increase in unemployment due to Coronavirus, the finance site WalletHub reports.

While Americans have started to receive their government stimulus payments, those who are jobless will likely still struggle. However, not all states have experienced the same levels of unemployment due to the pandemic.

WalletHub Thursday released updated rankings for the States with the Biggest Increases in Unemployment Due to the Coronavirus, along with accompanying videos, as a follow-up to our report on the Cities with the Biggest Growth in Unemployment Due to COVID-19.

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 company used this data to rank the most impacted states in both the latest week for which we have data (April 27) and overall since the beginning of the coronavirus crisis (March 16). Read on for the results, additional commentary from a panel of experts and a full description of their methodology.