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South Carolina 3rd worst in COVID-19 economic recovery, study says – Florence, South Carolina

Florence, South Carolina 2021-09-08 16:37:15 –

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(((NewsNation Now) — According to a WalletHub survey, South Carolina was ranked third in the COVID-19 economic recovery.

The US economy has been slowly recovering in the wake of the coronavirus pandemic, with months of strong employment and extensive vaccination campaigns. However, the recovery was not the same in all states.

Currently, 62.5% are vaccinated at least once, and 53.2% of the US population is fully vaccinated. Data created by the Centers for Disease Control and Prevention. After a decline in recent months, vaccination rates have begun to increase again. Rise of delta variant. The country has also made progress in repairing the economic damage caused by the pandemic recession, with the unemployment rate starting at an astonishing 14.8% in April 2020. 5.2% in August 2021.

WalletHub We compared all 50 states with the District of Columbia on 17 key indicators to determine which state was recovering the fastest. The dataset included the amount of state population fully vaccinated against the return of travel to current real gross domestic product compared to pre-COVID levels.

The fastest recovering state from a pandemic:

  1. South dakota
  2. Main
  3. Iowa
  4. Utah
  5. New hampshire

South Dakota and Utah ranked in the top five states with the lowest unemployment rates compared to pre-pandemic levels. Maine, South Dakota, and Utah all took the top spot with the lowest share of hospitals across the state due to supply shortages. Maine was also ranked in the top five with the lowest hospitalization rates.

States with the slowest recovery from pandemics (47-51):

  • Georgia
  • Hawaii
  • South Carolina
  • Oklahoma
  • Louisiana

Louisiana and South Carolina were linked by the highest mortality rate in the country. Both Oklahoma and Louisiana had some of the highest coronavirus hospitalization rates in the country. Hawaii and Oklahoma were also ranked at the bottom with the lowest GDP rates compared to pre-COVID-19 levels.

Joan Song McLaughlin, an associate professor at the University at Buffalo, New York, said he believes further deployment of the vaccine and the implementation of booster shots would be of great benefit to the economy, but the future is still unclear.

“It’s difficult to make long-term predictions because of the many variables involved. For example, in the case of workers dismissed during a recession, how quickly they can return to the same level of work as before. Can you do it? “The song said. “Or how would their skills decline if they were unemployed for a very long time? Or they are not as good as they had before to pay their bills. Are you forced to settle down at work? All these factors play an important role in the long run, but there is still no compelling evidence for these questions. “

However, Bankrate’s senior economic analyst, Mark Hamrick, warns that the loss of unemployment benefits can have a negative impact on state progress. A handful of states It chose to opt out of these programs early.

“Frequent economic data show that states that chose to end these programs early did not see the expected increase in employment, with a record number of jobs reported. I suggest, “Hamlick said. “I still don’t know how this works from here.”

To find out where your state is ranked, go to the following website: Wallethub website.

South Carolina 3rd worst in COVID-19 economic recovery, study says Source link South Carolina 3rd worst in COVID-19 economic recovery, study says

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