Chart of the Week: What industries are most impacted by the economic shutdown due to coronavirus?

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May 12, 2020
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Career, Chart of the Week, Employment, Research, Current Events

Questions:

  • What 3 industries had the largest NUMBER of unemployed persons in April? 
  • What 3 industries have the LOWEST unemployment rates in April? Why do you think those industries were least impacted by the coronavirus?  
  • In analyzing the change in unemployment rates between March and April, do you think this pandemic has impacted narrow sectors of the economy or had more widespread impact? 
  • The report indicates that about 80% have identified themselves as being temporarily unemployed, which industry sectors do you think will come back fastest? slowest? 

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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.