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#Staysafe

COVID-19 Effects on Job Economy

Miguel, Su, Devaney, Theresa

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Who am I?

  • SUNY Delhi
  • Majored in Business Tech
  • COOP

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Who am I ?

  • Baruch
  • Major: Computer Information Systems
  • Minor: Photography
  • Data Analytics Apprentice at COOP

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Who am I?

  • Baruch Undergraduate

~ Majored in Computer Information Systems

~ Minored in Psychology

  • Data Analyst at Solve Advisors
  • Apprentice at COOP
  • Amentur Chef

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Who am I?

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  • St. John’s University

-Bachelors of Science in Accounting

-Administrative Assistant at Brea Yankowitz during the day

- Data Analytics Apprentice at COOP by night

-Pizza Connoisseur

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What is our goal?

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What is Covid 19?

  • Coronavirus (COVID-19) is an illness caused by a virus that can spread from person to person
  • The virus that causes COVID-19 is a new coronavirus that has spread throughout the world.
  • COVID-19 symptoms can range from mild (or no symptoms) to severe illness.
  • You can become infected by coming into close contact (about 6 feet or two arm lengths) with a person who has COVID-19.
  • COVID-19 is primarily spread from person to person.
  • You can become infected from respiratory droplets when an infected person coughs, sneezes, or talks.
  • You may also be able to get it by touching a surface or object that has the virus on it, and then by touching your mouth, nose, or eyes.

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Why we need to Prevent the spread?

  • We have 5.64M confirmed cases worldwide as of today
  • 353k deaths worldwide, 101k are United States deaths
  • 2.31M have recovered worldwide

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Top 3 Countries

  • United States is number 1 in confirmed cases and deaths
  • Brazil is number 2 with 396k confirmed and 24k deaths
  • Russia is number 3 with 371k confirmed cases with 3k deaths

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Historical Employment Rates

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Historical Employment Rates

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Historical Unemployment Rates

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Initial Claims Vs. Continued Claims

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Covered Employment in the US

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Unemployment Rate throughout the 2000s

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Unemployment Rate throughout the 2000s (cont.)

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Who do you think is getting affected the most during Covid-19? Why?

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EFFECT OF COVID-19 BY RACE

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Which State has the most/ least number of confirmed cases?

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Confirmed Cases in the United States

  • New York the most confirmed cases

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  • Alaska has the least confirmed cases

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State by State Unemployment Rate

  • The National unemployment rate in January was 3.57%
  • Before the pandemic, Alaska had the highest unemployment rate of 6%

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January 2020

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State by State Unemployment Rate

  • The National unemployment rate in April of was 14.7%
  • Nevada has the highest unemployment rate of 28.2%

April 2020

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State by State Unemployment Rate (cont.)

  • Nevada’s unemployment rate is almost doubled the National rate at a high of 28.2%

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  • Connecticut has the lowest rate of 7.9%

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Covid-19 Cases Affecting Unemployment

  • Covid cases caused closure of nonessential businesses

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  • Over 36 MILLION unemployment claims

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  • 1-in-5 American workers have filed for unemployment benefits since mid-March

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Which Industry is most affected ?

  • Most affected
    • Leisure & Hospitality
    • Agricultural
    • Construction

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Seasonal or Pandemic ?

  • Seasonal Unemployment
    • Agricultural�
  • Relates to Pandemic
    • Leisure & Hospitality
    • Services
    • Wholesale & Retail

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Which Occupation is most affected ?

production

service

construction

farming

transportation

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Unemployment Rate by Occupation

(Jan-April 2020)

Are they affected by Covid19 ?

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Are they affected by Pandemic ?

  • Seasonal Unemployment
    • Farming, Fishing, Forestry�
  • Relates to Pandemic
    • Service
    • Production

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Recommendations

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  • Adding thermal scanners to areas that get populated, and then possibly isolate / demand self-quarantine to people who appear to have a fever
  • Learning from countries and states that have reopened, leaders as well as civilians need to pay attention to what has worked and what hasn’t.
  • Doing deep down analysis to be able to support people and industry that are really affected
  • Making sure to talk to the right people who aren't just speculating but giving us the facts and leading us out of this the correct way

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POP QUIZ

https://play.kahoot.it/v2/?quizId=37e9acc3-c1bb-48af-91bf-6968777b7523

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Sources

https://www.vox.com/2020/3/26/21193848/coronavirus-us-cases-deaths-tests-by-state

https://www.bls.gov/bls/news-release/laus.htm#2019

https://www.who.int/emergencies/diseases/novel-coronavirus-2019/situation-reports

https://www.webmd.com/lung/coronavirus

https://www.theguardian.com/us-news/2020/apr/28/african-americans-unemployment-covid-19-economic-impact

https://www.cnn.com/2020/04/24/business/what-to-do-without-internship-summer-trnd/index.html

https://www.bls.gov/web/empsit/cpsee_e16.htm

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