The Regional Breakdown Of A Labor Market In Meltdown

By: Taro Chellaram /Wells Fargo Economics & Financial Report/May 26, 2020

The Regional Breakdown Of A Labor Market In Meltdown

With 20.5 Million Job Losses, There is Nowhere to Hide 

  • There was no escaping the economic carnage resulting from the shutdowns implemented in March and April to contain  COVID-19.  All 50 states posted significant job losses in April.
  • The leisure & hospitality sector accounted for the largest share of job losses, with employment down around 45% in most states. Parts of the country with out sized tourist sectors, like Nevada, Hawaii and Florida, saw some of the nation’s largest job losses.



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