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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

Top Industries: After COVID-19

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

IndustryCurrent jobs estimateJobs at risk
Agriculture and Mining19014
Construction2,251333
Manufacturing2,641386
Wholesale Trade975103
Retail6,596640
Transportation, Warehousing, and Utilities1,978115
Information1,502114
Finance244244
Professional and Business Services7,067534
Education and Health21,1061,086
Leisure and Hospitality7,5211,760
Public Administration8,2880
Other Private3,13278
Total67,4525,407

 

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