Pennsylvania’s Economy Among the Most Exposed to Coronavirus

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Skippack October Craft Festival. Image via Montgomery County Planning Commission.

A new report released by WalletHub has found that Pennsylvania’s economy is the sixth-most-exposed to the coronavirus.

To compile its rankings of the State Economies Most Exposed to Coronavirus, WalletHub compared the 50 states and the District of Columbia using two key categories: High Impact Industries & Workforce and Resources for Businesses to Cope Better with the Crisis. These categories were evaluated using 10 key metrics, including share of employment by small businesses and increases in unemployment insurance claims.

Pennsylvania ranked eighth for High Impact Industries & Workforce and 15th in Resources for Businesses to Cope Better with the Crisis.

In specific metrics, the Keystone State placed third based on State Rainy Day Funds as Share of State Expenditures. It is also 10th for Increase in Number of Unemployment Insurance Initial Claims and State Fiscal Condition Index.

Pennsylvania is also in the upper half based on GDP Generated by High-Risk Industries as Share of Total State GDP at No. 16, Share of Employment from Highly Impacted Industries at No. 20, and Share of Workers Working from Home, also at No. 20.

Finally, the state checked in at No. 30 based on Share of Workers with Access to Paid Sick Leave.

Read more about the State Economies Most Exposed to Coronavirus at WalletHub here.

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