by Christy Bieber | Sept. 1, 2020
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Is the industry you work in one of the ones hit hardest by the coronavirus crisis?
Coronavirus has left millions of Americans unemployed and, even as states have started to loosen restrictions, many businesses still aren't able to operate at full steam. That's partly down to continued public safety limitations or because customers are simply afraid to return.
But while virtually everyone has been affected by the novel coronavirus one way or the other, some industries have undoubtedly been hit much harder. The Ascent conducted a study near the start of the crisis that revealed which businesses had been the most affected. And now, even months later, many of those industries still continue to face unprecedented struggles that could be with them for a long time to come.
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According to The Ascent's research, 42% of Americans said their jobs were not affected at all when the COVID-19 public health crisis began. That means a majority of workers saw changes to their work circumstances and income.
Workers that were the most affected, however, included those in:
It's not surprising that people in these four fields saw the most disruption to their industries. After all, with restaurants, stores, and tourist attractions shuttered throughout the country, most workers in these professions simply couldn't continue their normal routines.
And workers in these fields are largely unable to simply shift to working from home, as close to 40% of employees providing professional, administrative, or business services were able to do when the crisis got underway.
Sadly, even as states have begun loosening restrictions, these industries are still bearing the brunt of the consequences of the novel coronavirus shutdowns. In many parts of the country, even places that have been able to open are still operating at reduced capacity. Many Americans still remain afraid to enjoy the once-beloved leisure activities of shopping, dining out, or visiting attractions as the virus continues to circulate throughout the country. And paying for improvements during uncertain economic times often isn’t a priority.
If you've lost your job or are working reduced hours due to COVID-19, there are a few key steps you should take to make sure your finances aren't damaged for the long-term.
Hopefully, even hard-hit industries will one day be able to resume normal operations as scientists test vaccines and medical professionals develop new treatments. For now, however, simply doing the best you can to get through this crisis may be your only option -- especially if you work in an industry that's been badly hit by the anti-COVID-19 measures.
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