RALEIGH – The economic impact of the coronavirus could be tremendous with millions of jobs lost, according to a new report. And North Carolina won’t escape the cuts. Aa NC State economist predicts “five digit” losses in North Carolina where nearly 5 million people hold jobs.
“The job market will be adversely impacted. I would expect five digit job losses in North Carolina,” NCSU’s Dr. Mike Walden tells WRAL TechWire.
Nationally, the impact could be worse.
Nearly 80 million jobs in the US economy are at high or moderate risk, according to Moody’s Analytics. That’s more than half of the 153 million jobs in the economy overall.