As the U.S. economy has slowed to stem the surge of coronavirus, unemployment levels have hit record highs. Since March 16th, roughlyBut each state has been affected differently by the health and economic impacts of coronavirus.
And now, a small number of states have started to push to abruptly re-open their economies, even though the White House, CDC and health officials agree that a gradual and cautious re-opening is more prudent.recently analyzed data from the Department of Labor to determine which states have had the biggest increases in unemployment due to COVID-19.
In order to make this calculation, WalletHub looked at the increase in the number of unemployment insurance initial claims in all 50 states and the District of Columbia over three time periods: the week of April 13, 2020 compared to the week of April 15, 2019, the week of April 13, 2020 compared to the week of January 1, 2020 and the weeks of March 16, 2020 to April 13, 2020 compared to the weeks of March 18, 2019 to April 15, 2019.
And here's how the states stack up in terms of how much unemployment has spiked since the beginning of the COVID-19 crisis:Increase in unemployment claims: 5250.58%Increase in unemployment claims: 4545.70%Increase in unemployment claims: 4486.67%Increase in unemployment claims: 4212.75%Increase in unemployment claims: 3951.01%Increase in unemployment claims: 3631.52%Increase in unemployment claims: 3360.60%Increase in unemployment claims: 3257.80%Increase in unemployment claims: 3157.
MakeIt And yet the market has not crashed further why?
MakeIt Stonks still go up tho 📈 😝
MakeIt How can you be sarcastic as a president when over 50,000 Americans have died? This is insulting. Trump must be voted out!