Texas economy ranked 21st highest in its exposure to COVID-19 disruptions

Texas came in 21st highest in a new study by the WalletHub website that examines how state economies have been affected by the coronavirus, based on two key dimensions.

Texas received an overall score of 44.07 in the study by the personal finances website, with the maximum being 100. Examples of issues examined in the analysis included the percentage of jobs in small businesses, worker access to paid sick leave and the number of jobless claims filed during the crisis.

In the “Highly Affected Industries & Workforce” category, the state received a rank of 22nd, and in the “Resources for Businesses to Cope Better with the Crisis” grouping, the state earned the rank of 27th.

Despite the federal government’s moves to send out stimulus checks to income tax filers and provide business loans, states most dependent on industries hardest hit by the virus will take some time to bounce back, according to WalletHub.

The study examined economic issues in each state and the District of Columbia through 14 indicators within the two broad categories.

State Economies Most Affected by COVID-19

Overall Rank State Total Score ‘Highly Affected Industries & Workforce’ Rank ‘Resources for Businesses to Cope Better with the Crisis’ Rank
1 Florida 61.16 1 29
2 Louisiana 54.86 5 4
3 Mississippi 52.04 25 1
4 Kentucky 51.86 20 2
5 New York 51.66 4 23
6 District of Columbia 51.34 2 37
7 Georgia 50.50 3 34
8 Virginia 49.85 6 25
9 Illinois 48.94 24 3
10 Maryland 48.52 10 21
11 North Carolina 48.30 13 20
12 Nevada 47.69 15 22
13 Rhode Island 47.42 19 18
14 New Jersey 46.89 28 8
15 Oklahoma 46.49 17 24
16 New Mexico 45.04 8 38
17 New Hampshire 45.01 7 40
18 Pennsylvania 44.75 30 17
19 South Carolina 44.25 35 12
20 Montana 44.15 18 30
21 Texas 44.07 22 27
22 Michigan 43.47 36 13
23 Hawaii 43.39 12 43
24 Wisconsin 43.32 38 9
25 Colorado 42.96 9 44
26 Alabama 42.30 46 6
27 Massachusetts 42.18 23 33
28 Indiana 41.92 41 10
29 Delaware 41.74 39 15
30 Kansas 41.42 45 7
31 Minnesota 41.36 26 35
32 Arizona 41.13 31 32
33 Connecticut 41.09 21 41
34 Ohio 40.99 40 14
35 California 40.78 11 48
36 Tennessee 40.56 42 16
37 Maine 40.52 32 36
38 West Virginia 40.47 47 11
39 South Dakota 40.09 34 31
40 Vermont 39.43 29 42
41 Washington 38.90 16 49
42 Iowa 38.72 44 19
43 Oregon 38.68 14 51
44 Arkansas 37.01 51 5
45 Utah 36.89 33 45
46 Alaska 35.95 27 50
47 Idaho 35.39 43 39
48 Wyoming 35.24 37 47
49 Missouri 34.89 49 26
50 Nebraska 34.34 50 28
51 North Dakota 31.62 48 46

Source: WalletHub.com



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