With 2.1 million more unemployment claims filed this week despite all U.S. states starting to reopen, WalletHub released updated rankings for the States Hit Most by Unemployment Claims, and North Carolina ranked poorly, coming in at 9th. Since North Carolina is the 10 largest state by population, 9th would indicate it is doing slightly worse than it should for a state its size. To identify which states’ workforces have been hurt the most by COVID-19, WalletHub compared the 50 states and the District of Columbia based on increases in unemployment claims during the latest week for which we have data (May 18) and overall sinceRead More →

WalletHub | North Carolina has the 10th biggest increase in unemployment claims due to COVID-19 With nearly 39 million Americans now jobless as a result of the COVID-19 pandemic but many people actually making more money while unemployed, WalletHub released updated rankings for the States Hit Most by Unemployment Claims. To identify which states’ workforces have been hurt the most by COVID-19, WalletHub compared the 50 states and the District of Columbia based on increases in unemployment claims. We used this data to rank the most impacted states in both the latest week for which we have data (May 11) and overall since the beginningRead More →

North Carolina’s combination of trends (COVID-like syndromic cases, lab-confirmed cases, positive tests as a percentage of total tests and hospitalizations) over 14 days remain stable overall and North Carolina will move into Safer At Home Phase 2 on Friday, May 22 at 5 p.m. See the Phase 2 FAQs. As of this morning, NC has 20,122 positive cases, 277,603 completed tests, 554 hospitalizations, and 702 deaths. Restaurants, swimming pools and personal care businesses, such as salons and barbershops, can re-open at 50 percent capacity, with distancing and cleaning requirements. These businesses will have face covering and cleaning requirements, while also reducing the number of peopleRead More →

The New Bern Area Chamber of Commerce is joining the county board of commissioners in asking Governor Roy Cooper to relax COVID-19-related restrictions on Craven County. In a letter submitted to the New Bern Sun Journal, Chamber of Commerce leaders said the following: As we are all well-aware, the COVID-19 pandemic is a serious public health crisis. Fortunately, the New Bern area responded strongly and appropriately when asked to do so in mid-late March. Under direction from our leadership, New Bern residents have diligently shuttered their businesses, closed their schools, and practiced social distancing, all in the name of public health. Everyone accepted that theseRead More →

The federal government is sending out a $1,200 Federal Economic Impact Payments (otherwise known as a federal stimulus payment) for a qualifying adult. There is also an additional $500 stimulus payment available for each qualifying child under the age of 17. While people who receive Social Security (SSI) will receive the full $1,200 stimulus payment automatically, those who didn’t file federal tax returns in 2018 or 2019 will need to use the IRS online tool to register to receive an additional $500 stimulus payment for each qualifying child. People in that group can visit this website to receive the payment.  For more information on whether some oneRead More →

The U.S. unemployment rate is still on an upward trend, with roughly 30.3 million Americans now having lost their jobs since the start of the coronavirus pandemic, despite the fact that some states have already begun to selectively reopen businesses. WalletHub released updated rankings for the States with the Biggest Increases in Unemployment Due to the Coronavirus as a follow-up to our report on the Cities with the Biggest Growth in Unemployment Due to COVID-19, along with accompanying videos. To identify which states’ workforces have been hurt most by COVID-19, WalletHub compared the 50 states and the District of Columbia based on increases in unemployment claims. We usedRead More →

Adam McCann, Financial Writer  •  Apr 16, 2020  •  As the U.S. economy has slowed to a crawl due to COVID-19, countless businesses have shut their doors in accordance with the resulting social distancing policies. Consequently, many businesses have furloughed or laid off employees, and 22 million Americans have found themselves temporarily or permanently out of a job since the week of March 16. While Americans have started to receive their government stimulus checks, those who are jobless will likely still struggle. However, not all states have experienced the same levels of unemployment due to the pandemic. To identify which states’ workforces have been hurt mostRead More →

With 35 percent of small business owners saying their business cannot survive more than three months in current conditions, WalletHub released its report on the States with the Most Affected Small Businesses due to Coronavirus, along with accompanying videos. To identify the states in which businesses are hit hardest by COVID-19, WalletHub compared the 50 states and the District of Columbia across 12 key metrics. Our data set ranges from the share of small businesses operating in highly affected industries to small-business credit conditions and the state’s small-business friendliness. Below, you can see highlights from WalletHub’s report and a Q&A with WalletHub analysts. COVID-19 Impact on Small BusinessRead More →

N.C. Gov. Roy Cooper took action to the address the spread of COVID-19 by issuing stronger social distancing requirements and speeding up the process to get benefits to people out of work through Executive Order No. 131. Three key areas are addressed in Executive Order 131. The first requires retail stores that are still operating to implement new social distancing policies to make shopping safer for customers and employees.  The second makes earlier COVID-19 guidelines mandatory for nursing facilities, and recommends other long-term care facilities to do the same.  The third area is unemployment benefits, issuing changes that will speed up certain benefit payments to thoseRead More →

North Carolina is among the top 10 states with the highest unemployment rates resulting from the economic shutdown caused by the COVID-19 pandemic, according to a WalletHub study: As the U.S. has embraced social distancing policies in order to minimize the spread of COVID-19, many businesses have shut their doors either voluntarily or by government order. While some businesses have dealt with the crisis by having employees work from home, that option is not available to everyone. Millions of Americans have found themselves temporarily or permanently out of a job as a result, illustrated by the extremely high number of initial unemployment insurance claims, atRead More →