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Leisure and Hospitality Industry Bore the Biggest Brunt of NYC Pandemic Unemployment

The leisure and hospitality industry may have seen nationwide employment improvements this spring, but it’s still reeling from the pandemic.

Leisure and hospitality bore the biggest brunt of year-to-year job loss in New York City, with a 53.1 percent decline between March 2020 and March 2021, according to a new report issued by U.S. Bureau of Labor Statistics. This decline is largely attributed to the pandemic, which has left the industry trailing the furthest behind.

Manufacturing and trade, transportation and utilities followed in year-to-year loss, with a respective 27 and 22.1 percent decline. These trends account for losses in all five boroughs — each of which has shown similar patterns across the board.

Manhattan endured the most significant dropoff in employment rates, with a 14.7 percent decrease. Staten Island’s employment loss, the smallest of the boroughs population-wise, still rounded off at a 5.5 percent loss.

Commercial Observer

Photo by Rhema Kallianpur on Unsplash

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