Is NJ Among Economies Most Exposed To COVID-19?
There is no doubt tat there has been a lot of economic hardship in New Jersey during the pandemic. Is New Jersey's economy among the most exposed in the nation?
There is actually some potentially surprising news in this area. The answer is no, New Jersey's economy is not among the most exposed to coronavirus., according to research done by WalletHub.
As a matter of fact, after reviewing 14 key metrics, New Jersey does not make the top 10, ranking 14th on the list. Oneof the metrics included "Resources for Businesses to Better Cope with COVID (we came in at #8).
And in the category "Highly Affected Industries & Workforce" category, coming in at #28. Overall, with the way the state was impacted by the virus, the #14 ranking may come as a bit of a surprise.
But rest assured, the statistics have been staggering and jaw-dropping, and there has been a lot of financial pain for local workers and local business owners due to the pandemic.
There are some alarming rankings in this study as well. For example, New Jersey is tied with Alaska and Rhode Island for the state least prepared for the digital economy. We also ranked 49th for Best work From Home Infrastructure.
There are a lot of people and businesses hurting from the impact of this pandemic, regardless of the ranking in this study, and that is why it is more important than ever to support our local businesses as often as we can.
Contact your favorite businesses and see how they are doing things, and then support them as much as you can. We can do this!