LAS VEGAS (KLAS) – Nevada’s recovery from an unemployment pandemic is the second worst in the country – behind only Hawaii – according to a survey released Friday.
It’s no surprise that Nevada’s tourism-based economy has struggled to recover from conditions that have kept many people from traveling, but comparison with other states shows the severity of the impact. of the pandemic.
The WalletHub study focused on unemployment rates and the evolution of unemployment over four specific time periods.
Highlights from the survey show the top 10 and bottom 10 (out of 50 states, plus the District of Columbia):
- TOP 10
- 1. Nebraska
- 2. Utah
- 3. Idaho
- 4. South Dakota
- 5. Alabama
- 6. New Hampshire
- 7. Vermont
- 8. Montana
- 9. Kansas
- 10. Oklahoma
- LOW 10
- 42. District of Colombia
- 43. Illinois
- 44. Louisiana
- 45. New Jersey
- 46. California
- 47. New-York
- 48. New Mexico
- 49. Connecticut
- 50. Nevada
- 51. Hawaii
For the full investigation, see WalletHub’s report here.
Nevada’s unemployment rate weighed heavily on the state’s rating. The evolution of unemployment from January 2020 to June 2021 was also an important factor in the state’s low rating.
And a heavy reliance on tourism will continue to prevent the state from fully recovering, as noted in a separate report on the impact of the travel ban in Europe, which ranked Nevada as the worst-affected state.
But if the tourism and hospitality industries have suffered the most, which industries have been least immune to the pandemic?
Some experts cite a booming business around online sales. Companies like Amazon and Zoom have performed quite well during the pandemic. Grocery stores also flourished.
“In general, industries and fields that can successfully deliver goods and services that remain in demand fare the best,” said David C. Yamada, professor at Suffolk University in Boston.
“So to name a few: online retailers of all kinds, food and commodity production and supply, delivery services, supermarkets and pharmacies. On-site service providers who continue to provide the help needed, such as plumbers and home repair contractors, are also weathering the storm, ”Yamada said.