States With The Highest and Lowest Job Losses Due To Covid-19
In the wake of the Covid-19 Outbreak, the world seems to be at a standstill. At least that is how it looks if you are stuck at home, unsure of what the next step is.
The job market in the United States seems to have disintegrated in the blink of an eye. But, according to NBC News, some states are handling it better than others. Here are some states with the highest unemployment rates in the United States. While the stay at home order is essential for the survival of every American citizen, it has left some economies a little too worn for wear.
Sates with Highest Number of Unemployed Claims
As of May, California had over 4 million people register as unemployed. Although this number is shocking and doubles the number of unemployed persons in every other state, it is not the highest percentage of unemployed labor force per state. More than 4.2 million people who registered as unemployed make about 21.5 percent of the Californian labor force.
This state was the first to impose self-quarantine and has had the longest shutdown so far. The state is currently looking to reopen some small businesses with nearby states.
2. New York
In New York, or what is now known as the hub of the Corona Virus, more than 2.0 million people filed for unemployment claims. This makes about 20.1 percent of the state’s labor force. But that is not all the bad news there is.
New York has more than 56% of employment in industries that are currently regarded to be at high risk of collapse. Due to the current COVID-19 infection and death rate, activities in the city are on lockdown until there are signs of stability.
Florida is currently the third state in the United States with the highest number of people unemployed as of May 2020. This state has the number of registered unemployed people as 2.0 million which is 19.0 percent of the workforce.
More than 20% of the industries in Florida are industries that are most vulnerable to the coronavirus economic meltdown. In Orlando, more than 40,000 people lost their jobs when Walt Disney World closed for more than a month.
Texas is the fourth state in the United States that has the highest number of people rendered jobless due to the pandemic and stay-at-home order.
They have more than 1.94 million unemployed workers staying home. This number is not expected to stay stable since their governor started reopening the state in May. Although the number of unemployed people may decrease, it’s highly likely that the COVID-19 virus infection rate may be higher than ever.
One-fifth of the workforce in Georgia comes from industries that are most vulnerable to the current virus crisis. More than 1.8 million residents of Georgia have filed for unemployment claims making it the fifth-highest with unemployed workers.
This makes up about 35.7 percent of the labor force. Some of the earlier airtight COVID-19 restrictions have been eased and even eating in restaurants is allowed in a controlled manner.
In Pennsylvania more than 1.7 million people have filed for unemployment since the pandemic hit, making it the state with the sixth-highest number of unemployed workers in the country.
This number makes up about 27.3 percent of the labor force. The states have agreed to cautiously open some limited activities in the state and monitor the transmission rate.
Michigan, especially Detroit, is one of the states next to New York hit hardest by the virus. More than 1.3 million people have filed for unemployment making it the 7th highest unemployed state in the US. The state has 27.8 percent of the labor force not working.
Sates with Highest Percentage of Unemployed Labor Force
The state with the largest percentage of the unemployed workforce is Georgia with 35.7 percent. Although just more than 1.8 million people have filed for unemployment, they make up about 35.7 percent of the labor force in Georgia.
Following on the heels of Georgia is Kentucky with 35.6 percent, just 0.1 percent less. Kentucky has more than 742 thousand unemployed workers but when it comes to the highest percentage of the unemployed labor force, it is the second highest with 35.6%.
Hawaii however, has the third-highest labor force crumble since the COVID-19 pandemic. It has about 33.1 percent of its labor force currently unemployed. This comprises more than about 222,000 people.
The state with the fourth-highest loss in the labor force is Connecticut with 596,508 people unemployed and 30.1 percent of the labor force at home.
States with Lowest Job Losses Due to Covid-19
The states with the lowest claims are Wyoming, South Dakota, Vermont, and North Dakota. Wyoming has just about 35 thousand unemployed claims, South Dakota has about 43 thousand unemployed while Vermont and North Dakota have 62 thousand and 63 thousand unemployed respectively.
About 7.6 percent of employment in Wyoming is in mining, quarrying, and oil and gas extraction. South Dakota seems to be the one with the least contact with the virus and less fallout. Only 14% of industries there are most vulnerable to the COVID-19 economy crisis.
The Future of U.S. Unemployment Rates?
As of March 2020, most everyday activities came to a screeching halt. Economies have collapsed or are on the verge of doing so, businesses are losing millions and most people have lost their jobs along with their sources of income. Not unlike victims of this vicious virus, the question that unemployed Americans are asking themselves now is, can we survive?