Louisiana Comes in Second Place for Unemployment
Apr 19 2020

Louisiana Comes in Second Place for Unemployment

By: Staff

With 20 million jobs lost due to the COVID-19 pandemic, WalletHub has announced the rankings for the states with the greatest increases in unemployment as a result of the coronavirus, along with some videos.

In order to discover what states have been most affected by the virus, WalletHub reviewed increases in unemployment claims by state. They then used this data to rank the states that had been most impacted in the week of April 6, as well as overall, since the coronavirus first broke out around March 16.

Increase in Louisiana Unemployment Due to Coronavirus:

4,141.92% Increase in Unemployment Claims (compared to April of last year).

Notably, the 10th highest increase in the U.S.: 80,045 claims the week of April 6, 2020, vs. 1,887 the week of April 8, 2019.

4,727.80% Increase in the Number of Unemployment Claims (April 2020 vs. January 2020)

The highest increase in the U.S.: 80,045 claims the week of April 6, 2020, vs. 1,658 the week of January 1, 2020.

5,133.33% Increase in Unemployment Claims Since Pandemic Started

2nd highest increase in the world: 350,504 between March 16, 2020 and April 6, 2020, vs. 6,828 between March 18, 2019, and April 8, 2019.

Wallethub also provided a Q&A, in which they explained that the job losses during the pandemic far outnumber those of the Great Recession of 2007 - 2009. The Great Recession claimed 8.8 million American jobs, while the coronavirus has already caused the loss of 22 million jobs so far—which threatens to undo all the employment increases since 2009. They also explained that "red" states tend to have higher current unemployment than blue states, and that New York, with the highest number of confirmed cases of COVID-19, showed an unemployment increase of 783 percent.

For more information and to read the full report, click HERE.


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