Range of Pandemic Employment Declines, by Income Category

March 15 – October 15, 2020

LowMiddleHigh
Silicon Valley5-29%0-31%1-13%
San Francisco4-27%0-41%1-23%
California5-36%0-25%0-15%
United States2-38%0-24%0-13%

Data Source:

Opportunity Insights Economic Tracker

Analysis:

Silicon Valley Institute for Regional Studies

Data are from Opportunity Insights Economic Tracker, Harvard University. Change in employment rates are not seasonally adjusted, and are indexed to January 4-31, 2020. The series is based on payroll data from Paychex and Intuit, worker-level data on employment and earnings from Earnin, and timesheet data from Kronos. Employment level for workers in the bottom quartile of the income distribution includes incomes approximately under $27,000; employment level for workers in the middle two quartiles of the income distribution includes incomes approximately $27,000 to $60,000; and employment level for workers in the top quartile of the income distribution includes incomes approximately over $60,000. Silicon Valley is a weighted average of employment level declines for Santa Clara and San Mateo Counties, weighted based on U.S. Census Bureau 2019 estimates of civilian employed workers by personal income level. The week of peak employment level declines varied by geography and income level (between mid-April and late-May, 2020).

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