Isaac downgraded to a tropical depression

Isaac is continuing to slow down, though it's not done wreaking havoc, and has already caused one death.

The storm was downgraded this afternoon from a tropical storm to a tropical depression with winds of 35 mph, according to Weather Underground.

Isaac has already passed through New Orleans and is now losing steam as it heads towards Arkansas and Missouri, BBC News reported.

More from GlobalPost: When the BRICs Crumble

But it's too early to celebrate just yet. The US National Hurricane Center said that Isaac has created "life-threatening hazards" from the storm surge. According to NBC News, the storm killed a tow truck driver in Pearl River County, Mississippi, after a tree fell on him.

Some parts of the coast are soaked by more than a foot of rain, the New York Times reported. Dozens of people had to be pulled to safety.

President Barack Obama declared federal emergencies in Louisiana and Mississippi on Wednesday, the Associated Press reported.