EEU Policy Brief #2
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In response to the latest COVID-19 crisis, authors Ansel Schiavone, Codrina Rada, Ivan Mendieta-Muñoz and Rudi von Arnim have put together a research brief looking into the potential economic impacts of such a crisis on employment and income in Utah.
Key findings include:
- Salt Lake County has an at-risk employment share of 31.3 percent, which when multiplied
by the county’s total
labor force equates to 209,086 individuals – approximately fourteen percent of the Utah
workforce– that are either already or likely soon to be unemployed. - If all at-risk workers were to become unemployed for a single month the total loss
of wage
income would be approximately $1.7 billion. If the crisis continues until the end of August – a
“best case scenario” by most models – Utahns previously employed in at-risk industries would see a
total loss of wage income more than $10.2 billion, approximately 5.5 percent of the state’s GDP.
Accessibility Notice for Reference Materials:
The documents provided here are for informational and reference purposes. We are committed to ensuring digital accessibility for all users. If you encounter any barriers within these PDF documents or require the information in an alternate format, please contact our team for necessary assistance.
Read the full policy brief: COVID-19 Crisis: Potential impact on employment and income in Utah