Analysis: Washington state could see over 300K job losses by summer due to COVID-19
More than 300,000 people across Washington state could lose their jobs by the summer due to impacts from the novel coronavirus outbreak, a new analysis predicted.
The report -- from the Economic Policy Institute -- projects 317,721 total job losses in the state by summer 2020, 11% of total private-sector employment. Nationally, the report predicts the country could lose 14 million jobs by summer of this year.
"In addition to federal action, lawmakers at the state and local levels must do everything they can to ensure that these workers and their families do not suffer economically during this time," the report said.
The report uses factors including each state's share of national retail, leisure and hospitality employment and its share of national private-sector employment.
https://www.msn.com/en-us/money/smallbusiness/analysis-washington-state-could-see-over-300k-job-losses-by-summer-due-to-covid-19/ar-BB11OBgd?ocid=hplocalnews
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