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WalletHub: Vast majority of states are getting hit harder than Illinois
Tuesday, Apr 28, 2020 - Posted by Rich Miller * I missed this last week…
Illinois ranked 43rd of 51 for the week-to-week impact and 44th in overall impact. The top ten most impacted states included Louisiana, Georgia, Kentucky, Michigan, Indiana and Florida. Some of that can be explained by the complete collapse of automobile manufacturing and its radiating effects. * But, as I’ve noted before, you’d think Illinois’ early stay at home order would’ve hurt us more. It doesn’t appear to have done so, partly because people are essentially voting with their feet and staying home no matter what their state government says…
Illinois also has a history of being late to and emerging from recessions. And we don’t have a good comparison about how Illinois stacks up against other states as far as processing unemployment claims goes.
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- don the legend - Tuesday, Apr 28, 20 @ 12:27 pm:
Old people are old for a reason.
Florida residents smart enough to avoid opportunities to get the virus and die.
- Back to the Future - Tuesday, Apr 28, 20 @ 12:47 pm:
Like Don the Legends comment,
“Old People are old for a reason”.
- Jibba - Tuesday, Apr 28, 20 @ 12:57 pm:
My favorite quote from my grandma’s old neighbor: “Getting old isn’t for pantywaists.” She was a tough old bird.
- Biker - Tuesday, Apr 28, 20 @ 1:20 pm:
If this isn’t a lack of data issue by state and an actual reflection of the biggest unemployment increases by state due to Covid-19, then Moody’s needs to revise their negative rating targeted at Illinois due to Covid-19 immediately.
- Downstate Illinois - Tuesday, Apr 28, 20 @ 1:32 pm:
As much as I disagree with the governor in the length of the shutdown it’s also clear that Illinois has not taken as extreme efforts as other states. Construction projects for example are still ongoing both public sector and private. It’s amazing looking at videos of empty streets in major cities. Down here the local traffic is almost the same as pre-lockdown, just missing the school buses and school time traffic.
As more and more law enforcement officers make clear there’s not going to be any enforcement of the governor’s constitutionally questionable orders limiting civil liberties. They’re recommending social distancing but not economic shutdowns. If the public health department orders a quarantine and gets a court order they will enforcement race that.
The consent of the governed is a bedrock of our democratic system. That consent is being slowly withdrawn.
- RNUG - Tuesday, Apr 28, 20 @ 2:20 pm:
Back when Illinois lagged going into and out of a recession, it was more of an industrial state; I’m not ignoring agriculture, but it didn’t employ vast amounts of people by comparison. Manufacturing had dropped in Illinois long before now.
Today Illinois is more of a service economy, with restaurants (and bars) being one of the bigger service sectors. Not to downplay the effects, but a lot of restaurants either already did take-out or they have quickly figured out how to do take-out, so the food industry had a bit softer landing.