NEW ORLEANS – The Louisiana economy ranks as the second most vulnerable to the coronavirus in a report from personal finance website WalletHub.
WalletHub compared the 50 states and the District of Columbia across 14 key metrics. The data set ranges from the share of employment by small businesses to the share of a state’s GDP coming from highly affected industries and increases in unemployment insurance claims. Below, you can see highlights from WalletHub’s report, as well as a Q&A with WalletHub analysts.
Economic Exposure to Covid-19 in Louisiana (1=Best, 25=Avg.):
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- 12th – GDP Generated by Highly Affected Industries as Share of Total State GDP
- 8th – Share of Employment from Highly Affected Industries
- 9th – WalletHub’s “States Hit Most by Unemployment Claims” Score
- 10th – Share of Employment from Small Businesses
- 2nd – Share of Workers Working from Home
- 26th – Share of Workers with Access to Paid Sick Leave
- 9th – State Rainy Day Funds as Share of State Expenditures
- 12th – State Fiscal Condition Index
