Research - APRIL 14, 2020

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Las Vegas named metro with the most employment at risk

by Andrea Zander

The most job losses will be concentrated in the lodging and hospitality, retail trade, mining, logging, and construction sectors; however, the impacts will vary by metro, reported Yardi Matrix, with tourism-focused markets among those at greatest risk.

Some states have ordered non-essential construction to cease, and materials and labor are increasingly hard to find. Energy, more concentrated by metro than other job categories, has seen oil prices collapse to their lowest levels in decades. Demand for gasoline has fallen sharply as people avoid travel, while drilling and exploration become money-losing propositions when oil is pricing at multi-decade lows.

The markets with the largest share of jobs at risk include Las Vegas (49 percent); the Southwest Florida Coast (44 percent); Orlando (41 percent); Fort Laud

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