Chart of the Week: What jobs will be most impacted by the coronavirus?

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Apr 20, 2020
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Chart of the Week, Career, Employment

From McKinsey

Questions:

  • Thinking about the companies/industries in your community, how much of an impact will COVID-19 have on your local economy?
  • There were about 159 million jobs in the U.S. economy in February. McKinsey has provided a range of overall jobs that are vulnerable at the top of the chart. What percent of overall jobs in the economy are considered vulnerable?
  • McKinsey indicates that 2-3 million new jobs will be created in the short-term. What types of jobs do you think will be created? 
  • Looking at accommodations/food services and retail trade jobs, do you think that most are high or low-wage jobs? 

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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.