Table 4. The five most affected sectors require more than 14 percent wage subsidy.
Industry | Wage subsidy | Employment |
---|---|---|
Retail Trade | 234 | 15,672 |
Arts, Entertainment, and Recreation | 30.2 | 2,472 |
Accommodation and Food Services | 26.1 | 14,394 |
Educational Services | 22.2 | 3,828 |
Other Services (except Public Admin.) | 14.5 | 5,941 |
… | ||
Wholesale Trade | 1.8 | 5,934 |
Construction | 1.1 | 7,639 |
Manufacturing | 1.1 | 12,852 |
Management of Companies and Enterprises | 1.1 | 2,447 |
Agriculture, Forestry, Fishing and Hunting | 0.5 | 55 |
Average | 39.9 | 116,441 |
“Wage subsidy” displays the percentage decrease in labor costs necessary to compensate businesses for the reduced number of customer-worker contacts. “Employment” is the February 2020 employment of the sector in thousands [33]. The last row shows the employment-weighted average wage subsidy. Table excludes hospitals, clinics, and government establishments which are not present in CBP.