The State Where People Expect Their Income To Drop

By Douglas A. McIntyre Published Jun 5, 11:08AM EDT

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The State Where People Expect Their Income To Drop — © richardmerlandermolokaihawaii / Flickr

The Bureau of the Census began to track the effects of the COVID-19 pandemic on American life and how it changed the lives of American citizens. The process began shortly after the pandemic started. Officials decided among the most critical issues they could watch were housing, education, hunger, work patterns, income, and availability of food. The survey process has continued and the most recent reports are out.

At its core, the Household Pulse Survey is a vast initiative to measure the effects of the crisis on Americans. The bureau has released weekly results in three phases. The first began on April 23, 2020, and ended July 21, 2020. The second and third phases followed, with the current phase, 3.1, which covers May 12 – May 24. This is “Week 30” of the process.
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The Household Pulse Survey was created by an effort across several government agencies. These include the Bureau of Labor Statistics, the Bureau of Transportation Statistics, the Centers for Disease Control and Prevention, the Department of Defense, the Department of Housing and Urban Development, the Maternal and Child Health Bureau, the National Center for Education Statistics, the National Center for Health Statistics, the National Institute for Occupational Safety and Health, the Social Security Administration, and the USDA Economic Research Service.

One of the critical questions is whether people have faced a loss of income. “Expected Loss in Employment Income” is the specific title of the section. It is meant to determine the “Percentage of adults who expect someone in their household to have a loss in employment income in the next 4 weeks.”

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The state where the percentage was highest in the last wave of the survey was Hawaii at 20.5%. This compares to the national figure of 13.5%. The state with the lowest figure was Utah at 7.5%. The Census does not draw any comparison to unemployment in these states. However, in April, Utah was one of the four states with the lowest unemployment rate in the country at 2.8%. Hawaii had the highest among all states at 8.5%. Hawaii’s employment trouble comes largely from the lack of tourism during the pandemic.

The Census collects that same data on metro areas. The metro with the highest percentage of people who expect to lose income is Houston at 21.1%. The lowest is Boston at 11.3%.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.