Industry Update
External Article22 March 2020

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

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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 at Bloomberg

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