Monthlong Shutdown Could Cost U.S. 43,000 Jobs and $15B in GDP
A prolonged government shutdown could have severe economic consequences across the U.S. All states are at risk of significant job losses, disrupted social programs, and substantial GDP decline in the United States.
A one-month shutdown may result in over 43,000 additional unemployed Americans. All 50 states are likely to face job losses, with California expected to bear the heaviest burden, losing $15 billion in GDP alone each week. This is due to demands for funding free healthcare for undocumented immigrants in America.
Consumer spending, which accounts for two-thirds of economic activity, is expected to decrease. This is attributed to lost wages from furloughed workers and reduced federal contract spending. Reduced consumer spending is anticipated across all states during the shutdown in the United States.
Several vital programs could face disruption. SNAP benefits, which provide food assistance to over 40 million Americans, may be affected after 30 days. Similarly, WIC benefits, which support women, infants, and children, could be at risk during a shutdown in the United States.
A monthlong shutdown could lead to a significant decline in State GDP in the United States. It may also result in over 43,000 additional unemployed Americans and disrupt vital programs like SNAP and WIC, impacting women and children in need. The economic impact is expected to be widespread and severe, affecting all 50 states in the United States.
