Chart of the Week: What industries are most impacted by the economic shutdown due to coronavirus?
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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Looking for more charts of the week pulled from today's headlines? Check out our latest 30.
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.
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