Which industry’s workforce has been hurt the most from the COVID-19 outbreak?
Unemployment claims have reached all-time highs in the U.S. recently as COVID-19 rattles the world. The rapid shedding of jobs that started during the week ended March 21 has affected nearly every sector of the economy, from construction to manufacturing to personal services. Still, some industries remain more vulnerable than others as workers stay home and some online activities spike. Below, I examine how the share of employment claims by industry sector has changed over time. The sector with the most unemployment claims in Massachusetts in March (including before the widespread layoffs due to COVID-19) was Food & Accommodation, which includes most restaurants, hotels, and tourism businesses. However, Food & Accommodation workers have not consistently risen as a share […]