Economic Impact Key
The map above shows which areas in Albany, NY are expected to suffer the greatest economic damage from COVID-19, also known as the Coronavirus. Economic damage includes both unemployment and loss of business. These estimates are based on the number of people employed in each industry by area. Areas in the darkest red may see 20% or more of the workforce newly unemployed.
Overall, the economic impact to Albany is expected to be significant, but less severe than the rest of US, with 8% of jobs at risk. On a national per-capita basis, there are 45,530 cities in worse condition and 9,011 cities in better condition. Among other cities classified as large by population, 389 are projected to have more economic damage, and 16 to have less economic damage.
Estimates are based on industries most impacted by the virus and by recessions in general. This map is based on strong statistical evidence, but please keep in mind these are only estimates. Changes will be included as more data becomes available. Estimates are generally conservative: some areas will have higher-than-projected unemployment.
Top Industries: Before COVID-19
[wp_charts title=”Albany NY Pre Coronavirus Industries” type=”pie” class=”ChartForcedCenter” margin=”5px” colors=”#005ccc,#38a800,#e09600,#b80000,#B89000″ data=”21106,8288,7521,7067,6596″ labels=”Education and health,Public and administration,Leisure and hospitality,Professional and business services,Retail”]
Top Industries: After COVID-19
[wp_charts title=”Albany NY Post Coronavirus Industries” type=”pie” class=”ChartForcedCenter” margin=”5px” colors=”#005ccc,#38a800,#e09600,#b80000,#B89000,#540041,#936753″ data=”20020,8288,5761,6533,5956,4020″ labels=”Education and health,Public and administration,Leisure and hospitality,Professional and business services,Retail,Unemployed”]
Industries Impact Key
Estimated Jobs at Risk for All Albany, NY Industries
Industry |
Current jobs estimate |
Jobs at risk |
---|---|---|
Agriculture and Mining |
190 |
14 |
Construction |
2,251 |
333 |
Manufacturing |
2,641 |
386 |
Wholesale Trade |
975 |
103 |
Retail |
6,596 |
640 |
Transportation, Warehousing, and Utilities |
1,978 |
115 |
Information |
1,502 |
114 |
Finance |
244 |
244 |
Professional and Business Services |
7,067 |
534 |
Education and Health |
21,106 |
1,086 |
Leisure and Hospitality |
7,521 |
1,760 |
Public Administration |
8,288 |
0 |
Other Private |
3,132 |
78 |
Total |
67,452 |
5,407 |
Cities with Similar Populations
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