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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

Top Industries: After COVID-19

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

IndustryCurrent jobs estimateJobs at risk
Agriculture and Mining3,346244
Construction6,282930
Manufacturing2,059301
Wholesale Trade3,412362
Retail13,8321,342
Transportation, Warehousing, and Utilities15,1271,072
Information90068
Finance273273
Professional and Business Services7,449606
Education and Health25,387994
Leisure and Hospitality9,2822,172
Public Administration6,3220
Other Private5,248131
Total103,3538,495

 

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