It’s hard to overstate just how disastrous the COVID-19 pandemic has been for U.S. jobs. In total, the country has lost over 22 million jobs, wiping out years of gains since the last big economic crisis, the Great Recession. To put that number in perspective, it’s 13% of all adults in the workforce. Many of the jobs lost have been in non-essential 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 employees. Some cities’ jobs have weathered the storm better than others, though.
Miami has the 4th Biggest Increase in Unemployment Due to Coronavirus
In order to identify where workers have been most affected by the coronavirus pandemic, WalletHub compared 180 cities based on increases in unemployment. We used this data to rank the most impacted cities by comparing the rise in unemployment during the latest month for which we have data (March 2020) to March 2019 and January 2020.
With over 22 million jobs wiped out so far during the COVID-19 pandemic, WalletHub today released its report on the Cities with the Biggest Growth in Unemployment Due to COVID-19, along with accompanying videos.
Increase in Miami Unemployment Due to Coronavirus (1=Worst, 90=Avg.)
• 24.87% Increase in Unemployment (March 2020 vs March 2019)
8,088 unemployed people in March 2020 vs 6,477 in March 2019;
59th highest increase in the U.S.
• 137.25% Increase in Unemployment (March 2020 vs January 2020)
8,088 unemployed people in March 2020 vs 3,409 in January 2020;
2nd highest increase in the U.S.