Laredo, TX Coronavirus Economic Impact Map

Economic Impact Key

Nominal
Significant
Severe


The map above shows which areas in Laredo, TX 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 Laredo is expected to be significant, but less severe than the rest of US, with 8.2% of jobs at risk. On a national per-capita basis, there are 43,154 cities in worse condition and 11,387 cities in better condition. Among other cities classified as large by population, 385 are projected to have more economic damage, and 20 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=”Laredo TX Pre Coronavirus Industries” type=”pie” class=”ChartForcedCenter” margin=”5px” colors=”#005ccc,#38a800,#e09600,#b80000,#B89000″ data=”25387,15127,13832,9282,7449″ labels=”Education and health,Transportation, warehousing, and utilities,Retail,Leisure and hospitality,Professional and business services”]

Top Industries: After COVID-19

[wp_charts title=”Laredo TX Post Coronavirus Industries” type=”pie” class=”ChartForcedCenter” margin=”5px” colors=”#005ccc,#38a800,#e09600,#b80000,#B89000,#540041,#936753″ data=”24393,14055,12490,7110,6843,6186″ labels=”Education and health,Transportation, warehousing, and utilities,Retail,Leisure and hospitality,Professional and business services,Unemployed”]

Industries Impact Key

Education and health
Transportation, warehousing, and utilities
Retail
Leisure and hospitality
Professional and business services
Newly unemployed (top industries only)

 

Estimated Jobs at Risk for All Laredo, TX Industries

Industry
Current jobs estimate
Jobs at risk
Agriculture and Mining
3,346
244
Construction
6,282
930
Manufacturing
2,059
301
Wholesale Trade
3,412
362
Retail
13,832
1,342
Transportation, Warehousing, and Utilities
15,127
1,072
Information
900
68
Finance
273
273
Professional and Business Services
7,449
606
Education and Health
25,387
994
Leisure and Hospitality
9,282
2,172
Public Administration
6,322
0
Other Private
5,248
131
Total
103,353
8,495

 

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