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22 US cities at risk of losing jobs because of the coronavirus

Business Insider Logo By Madison Hoff of Business Insider | Slide 1 of 23:  Brookings Institution   published its report of which metro areas could be most  affected by a coronavirus-related recession, using   Moody's Investors Service's analysis of which industries  might be hit the hardest.  Midland, Texas; Kahului, Hawaii; and Atlantic City, New Jersey, made the top of the list.  As   businesses struggle during the novel   coronavirus outbreak, 24.2 million Americans already worked  in an industry at risk of seeing a major decline in employment  in 2019.    Visit  Business Insider's homepage for more stories.   As many businesses temporarily close and the majority of Americans are required to stay at home, many businesses in cities across the US could feel the economic effects from the novel  coronavirus.  The  US has confirmed about 41,000 cases of coronavirus across the country and 485 deaths.  Brookings Institution published a  ranking of which US metro areas could be most negatively affected by the coronavirus, based on each metro area's share of employees that worked in industries at risk of a decline in employment.  To come up with this ranking, Brookings used the  Moody's Investors Service list of industries most at risk of a decline in employment: mining/oil and gas, transportation, employment services, travel arrangements, and leisure and hospitality.  In 2019, 24.2 million of Americans, or 16.5%, worked in jobs that Moody's labeled at risk.  Midland, Texas; Kahului, Hawaii; Atlantic City, New Jersey; and Las Vegas, Nevada, were among the top five metro areas that could experience major job losses. Multiple cities in New Jersey, Georgia, and Texas made the top of the list.  With a large oil and gas industry, 42.5% of employees in Midland worked in one of the high-risk industries in 2019.  Atlantic City and Las Vegas both have large leisure and hospitality industries that could be negatively affected by businesses, hotels, and  casinos closing during the outbreak.  The following 22 cities could see a large share of job losses. Each city on the list had more than 22% of employees working in one of the at-risk industries in 2019.

Millions of Americans are out of work

As many businesses temporarily close and the majority of Americans are required to stay at home, many businesses in cities across the U.S. could feel the economic effects from the novel coronavirus.

As of Tuesday afternoon, the U.S. has confirmed more than 50,000 cases of coronavirus across the country and 705 deaths.

Brookings Institution published a ranking of which US metro areas could be most negatively affected by the coronavirus, based on each metro area's share of employees that worked in industries at risk of a decline in employment.

To come up with this ranking, Brookings used the Moody's Investors Service list of industries most at risk of a decline in employment: mining/oil and gas, transportation, employment services, travel arrangements, and leisure and hospitality.

In 2019, 24.2 million of Americans, or 16.5%, worked in jobs that Moody's labeled at risk.

Midland, Texas; Kahului, Hawaii; Atlantic City, New Jersey; and Las Vegas, Nevada, were among the top five metro areas that could experience major job losses. Multiple cities in New Jersey, Georgia, and Texas made the top of the list.

With a large oil and gas industry, 42.5% of employees in Midland worked in one of the high-risk industries in 2019.

Atlantic City and Las Vegas both have large leisure and hospitality industries that could be negatively affected by businesses, hotels, and casinos closing during the outbreak.

Click through the gallery above for 22 cities could see a large share of job losses. Each city on the list had more than 22% of employees working in one of the at-risk industries in 2019.

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