NavigatIIR: U.S. South Faces Project Delays as State Unemployment Claim Rates Jump Amid COVID-19

Researched by Industrial Info Resources (Sugar Land, Texas)--As reported COVID-19 cases in the U.S. pass 2 million, states are winding down restrictions and allowing many businesses to reopen. But unemployment remains a serious concern across the country. Using data from the U.S. Department of Labor, a financial advisory website found that five states saw the strongest jumps, by rate, in unemployment claims from May 25 to June 4: Florida, Georgia, Oklahoma, Mississippi and Maine. Industrial Info is tracking more than $32.5 billion worth of COVID-related project delays in these five states.

According to Industrial Info's project database, power generation, oil and gas pipeline, and distribution or warehousing construction projects accounted for most of the investment value attributed to projects delayed in these states.

To read the complete article, see the most recent edition of Industrial Info's NavigatIIR online newsletter.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.