New York had the second highest unemployment rate, combined with a high mortgage delinquency rate, ... [+] in July. gettyNew York’s economy is suffering the most due to the coronavirus pandemic, according to an analysis by personal finance publication Bankrate. Massachusetts had the nation’s highest unemployment rate in July, at 17.4%, though its mortgage delinquency rate was comparatively low at 5.81%. The five states where the economies are in the best shape are Idaho, with a mortgage delinquency rate of 3.71% and an unemployment rate of 5%, along with Utah, Montana, South Dakota and Nebraska. gettyBankrate.com analysts determined that while this year may be the worst for unemployment, mortgage delinquencies and defaults will increase significantly in 2021.

Source: Forbes August 26, 2020 18:11 UTC