Extension updates economic impact analysis of COVID-19
Extension economic impact analyst Brigid Tuck has updated her analysis of the regional impacts of COVID-19 unemployment reports. The August report, updated from her initial analysis in March of 2020, looks at unemployment claims through June 2020. “COVID-19 is not affecting all industries equally," says Tuck. “Our goal in providing these reports is to help communities take a more detailed look at which industries are most affected.”
Different regions of the state are not equally affected either. The Twin Cities saw 15 times as many claims in 2020 versus 2019. Other regions with relatively higher rates of claims include southeast and central Minnesota. Notably, many of Minnesota’s regional centers — Rochester in Southeast, St. Cloud in Central Minnesota, and Duluth in the Arrowhead region — top the chart in rates of claims among Greater Minnesota cities.
“As businesses attempt to return to full operating capacity, I believe this data will provide communities with information about which industries need the most assistance and how community resources can be focused,” says Tuck.