Economic Impact Key
The map above shows which areas in Schenectady, 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 Schenectady is expected to be significant, but less severe than the rest of US, with 8.1% of jobs at risk. On a national per-capita basis, there are 45,261 cities in worse condition and 9,280 cities in better condition. Among other cities classified as large by population, 388 are projected to have more economic damage, and 17 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=”Schenectady NY Pre Coronavirus Industries” type=”pie” class=”ChartForcedCenter” margin=”5px” colors=”#005ccc,#38a800,#e09600,#b80000,#B89000″ data=”17409,7008,6921,5356,4765″ labels=”Education and health,Retail,Professional and business services,Public and administration,Leisure and hospitality”]
Top Industries: After COVID-19
[wp_charts title=”Schenectady NY Post Coronavirus Industries” type=”pie” class=”ChartForcedCenter” margin=”5px” colors=”#005ccc,#38a800,#e09600,#b80000,#B89000,#540041,#936753″ data=”16568,6328,6401,5356,3650,3156″ labels=”Education and health,Retail,Professional and business services,Public and administration,Leisure and hospitality,Unemployed”]
Industries Impact Key
Estimated Jobs at Risk for All Schenectady, NY Industries
Industry |
Current jobs estimate |
Jobs at risk |
|---|---|---|
Agriculture and Mining |
155 |
11 |
Construction |
2,474 |
366 |
Manufacturing |
4,366 |
637 |
Wholesale Trade |
1,240 |
131 |
Retail |
7,008 |
680 |
Transportation, Warehousing, and Utilities |
2,737 |
176 |
Information |
1,143 |
87 |
Finance |
253 |
253 |
Professional and Business Services |
6,921 |
520 |
Education and Health |
17,409 |
841 |
Leisure and Hospitality |
4,765 |
1,115 |
Public Administration |
5,356 |
0 |
Other Private |
2,803 |
70 |
Total |
60,739 |
4,888 |
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