(The Center Square) – Illinois came in ninth 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.
Illinois received an overall score of 48.94 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 24th, and in the “Resources for Businesses to Cope Better with the Crisis” grouping, the state earned the rank of third.
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.
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State Economies Most Affected by COVID-19
Overall RankStateTotal Score‘Highly Affected Industries & Workforce’ Rank‘Resources for Businesses to Cope Better with the Crisis’ Rank1Florida61.161292Louisiana54.86543Mississippi52.042514Kentucky51.862025New York51.664236District of Columbia51.342377Georgia50.503348Virginia49.856259Illinois48.9424310Maryland48.52102111North Carolina48.30132012Nevada47.69152213Rhode Island47.42191814New Jersey46.8928815Oklahoma46.49172416New Mexico45.0483817New Hampshire45.0174018Pennsylvania44.75301719South Carolina44.25351220Montana44.15183021Texas44.07222722Michigan43.47361323Hawaii43.39124324Wisconsin43.3238925Colorado42.9694426Alabama42.3046627Massachusetts42.18233328Indiana41.92411029Delaware41.74391530Kansas41.4245731Minnesota41.36263532Arizona41.13313233Connecticut41.09214134Ohio40.99401435California40.78114836Tennessee40.56421637Maine40.52323638West Virginia40.47471139South Dakota40.09343140Vermont39.43294241Washington38.90164942Iowa38.72441943Oregon38.68145144Arkansas37.0151545Utah36.89334546Alaska35.95275047Idaho35.39433948Wyoming35.24374749Missouri34.89492650Nebraska34.34502851North Dakota31.624846
Source: WalletHub.com
