Beach and Mountain Retreats will suffer along with Las Vegas and Orlando as Closures hurt Leisure and Hospitality Jobs

Coronavirus Layoffs Will Hit These Entertainment Towns Hard

The Great Coronavirus Shutdown of 2020 is hammering lots of industries, but leisure and hospitality is probably the hardest hit. This is a big deal because (until a week or so ago, at least), restaurants, bars, hotels, casinos, theaters, museums, gyms, sports teams and the rest employed 16.9 million people, or 11% of the U.S. nonfarm payroll workforce, up from 9% in 2000 and 7.4% in 1980.

The Great Coronavirus Shutdown of 2020 is hammering lots of industries, but leisure and hospitality is probably the hardest hit. This is a big deal because (until a week or so ago, at least), restaurants, bars, hotels, casinos, theaters, museums, gyms, sports teams and the rest employed 16.9 million people, or 11% of the U.S. nonfarm payroll workforce, up from 9% in 2000 and 7.4% in 1980. That's more than manufacturing, construction and even health care (albeit just barely on that last one, and probably not for long).

These leisure and hospitality jobs are everywhere, but some parts of the country are a lot more dependent on them than others. The darker the blue in this map, the bigger leisure and hospitality share's of total employment.

Read the full article
Operations & Strategy Operations & Strategy

Bloomberg connects influential decision makers to a dynamic network of information, people and ideas. Our strength - quickly and accurately delivering data, news and analytics through innovative technology - is at the core of everything we do. With over 15,000 employees in 192 locations, we deliver business and financial information, news and insight around the world.