The partial government shutdown, which reached its 13th day on Thursday, is hitting some states harder than others. Two prior shutdowns during the Trump administration lasted only one and three days, respectively. The current shutdown, ushered in on Dec. 22, wears on due to an impasse between President Donald Trump and lawmakers over whether to increase border security and fund a border wall in a spending bill. Under the partial shutdown, more than 800,000 federal employees are working without pay or are furloughed. This includes over 41,000 law enforcement officers, 52,000 IRS workers and 96% of NASA employees. To determine the places most affected by the shutdown, WalletHub compared the 50 states and the District of Columbia across five key metrics: share of workers employed by the U.S. government, federal contract dollars per capita, real estate as a percentage of gross state product and the share of families receiving food stamps. The shutdown will slow mortgage processing. While the Supplemental Nutrition Assistance Program will continue through January, no commitment has been made for February. Click through the slideshow above to see which states are feeling the shutdown shock more than others. --- Related on ThinkAdvisor:
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Sponsored by Allianz Life Insurance Company of North America and Allianz Life Financial Services LLC
Can Systematic Risk Be Reduced?