Albany, NY Coronavirus Economic Impact Map

Economic Impact Key

Nominal
Significant
Severe


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

Education and health
Public and administration
Leisure and hospitality
Professional and business services
Retail
Newly unemployed (top industries only)

 

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

 

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