Florida beaches remained packed with partying college students as the coronavirus crisis gathered force, and the GOP governor was slow to impose social distancing in a tourist-dependent economy. That may come back to haunt the state...
WASHINGTON - Florida beaches remained packed with partying college students as the coronavirus crisis gathered force, and the Republican governor was slow to impose social distancing in a tourist-dependent economy.
Maine, with its proportionately older population and comparatively large number of people who are self-employed or work in small businesses, is considered the most vulnerable state economy, according to Oxford. Nevada, with its massive casino-based tourism industry, was second, while rural Vermont was third.
"We see what's going on in New York now, we see that people are dying," Rick Scott, the Florida senator, told Fox News Channel on Saturday."People are taking this very seriously now." Story continuesEconomists are struggling to get a grip on the potential aftermath of the crisis as it continues to deepen. Companies cut more than 700,000 jobs from their payrolls in March, a likely understated measure of rapidly rising unemployment: More than 6 million people filed for unemployment benefits in the week ended March 28 alone.
IHS Markit U.S. regional economist Karl Kuykendall also ranked Florida among the more vulnerable states, using a different methodology focused on estimated declines in employment and economic output. The state may lose about 8% of its jobs by the end of the year, he calculated.
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