Report on New York State Minimum Wage Increases …
employment accounts for 69 percent of the job losses, despite only accounting for an estimated 13.4 percent of overall employment in 2020 prior to the pandemic. This is not surprising given that retail trade, leisure and hospitality, and health care and social assistance account for 51 percent of the overall number of lost jobs based on these data.
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www.ebudget.ca.govemployment by the end of 2022 and by mid-2023, respectively. This is significantly faster than the more than six years it took to recover during the Great Recession. Recovery of low-wage sectors, however, is expected to lag as these sectors bore the brunt of the recession, accounting for nearly three out of four jobs lost in March and April 2020.