The coronavirus pandemic has taken a devastating toll on the U.S. job market. The latest weekly Labor Department report, released Thursday, showed total job losses of more than 30 million since businesses began shutting down six weeks ago.
Many of the jobs lost have been in nonessential industries that are closed down, such as tourism, entertainment and dining, but even businesses that remain open have been hit hard by the shock to the economy and have laid off workers, according to a new report from WalletHub. Related: COVID-19 closures spark surge in unemployment claims Some American cities have fared much worse than others. WalletHub examined the year-over-year increase in unemployment rate in major cities through March, the latest month for which statistics were available. (April unemployment figures are due out May 8.) Researchers compared 180 of the largest U.S. cities — including the 150 most populated ones, plus at least one of the most populated cities in each state — and reported data on the 130 most affected. See the gallery for the 10 U.S. cities with the largest increase in COVID-19-related unemployment. Read more: |
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Katie Rass
Katie Rass is executive managing editor of ThinkAdvisor, where she oversees copy editing and content strategy. She joined the site as managing editor in 2012 from Dow Jones Newswires, where she covered corporate earnings and other financial news. Earlier, Katie worked at The New York Times News Service, where her work on publications including The International Weekly and The Times Digest was seen by millions of readers around the world and on the International Space Station. She did a stint on the financial desk of The International Herald Tribune, now The International New York Times, in Paris, where she edited front-page news on the euro crisis. Katie started her career at the Eau Claire Leader-Telegram as a reporter and editor while earning a bachelor's degree in journalism and Spanish at the University of Wisconsin-Eau Claire. She is an alumna of the Dow Jones News Fund editing internship program.
