Economics
N.Y. Among Hardest-Hit Labor Markets on Covid as Losses Top 10%
- Payroll losses last year largest in Hawaii and Michigan
- States with heavy restrictions, tourism dependent hurt worst
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Hawaii, Michigan and New York registered the steepest declines in employment last year, underscoring the repercussions on the job market and economy from states employing stricter Covid-related business restrictions.
A sharp slowdown in travel and tourism resulted in a 13.8% slump in Hawaii’s payrolls in December from a year earlier, the biggest among U.S. states, a Labor Department report showed Tuesday. Michigan and New York, among states with harsher shutdown measures, saw employment declines that exceeded 10%.