The 5 cities where jobs will be hit hardest by the coronavirus by theothersarahh
As the rapidly-spreading coronavirus continues to take its toll on the American economy—with the airline industry in crisis, oil prices plummeting, and the stock market more volatile than ever—afrom Brookings has identified the cities that will be most vulnerable to a recession sparked by the virus.
More than 24 million Americans work in the five sectors that are at the highest risk for a major slowdown in the United States: mining/oil and gas, transportation, employment services, travel arrangements, and leisure and hospitality. “The most affected places are a who’s who of energy towns and major resort, leisure, and amusement destinations across the nation,” the report says.
Midland, Texas is the most exposed city in the country; it’s a cornerstone of the oil and gas industry with 42% of its workforce in high-risk industries. Kahului, Hawaii; Atlantic City, New Jersey; and Las Vegas, Nevada are next on the list: they all rely heavily on leisure and hospitality, and each has more than a third of its workforce in the industries that would be most vulnerable to a slowdown.
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