Although the Coronoavirus pandemic has impacted every industry in some way, shape or form, certain fields play host to more apartment residents than others.

Unfortunately for apartment owners and investors, industries that have been hardest hit by the pandemic—and which therefore have posted the greatest amount of job loss—also are the sources of the largest number of apartment residents, heightening the risk for workers in those fields to default on rent, according to a recent report from the National Multifamily Housing Council. 

The accommodation and food services sectors experienced the most job losses of all sectors, losing over 3.2 million jobs from February through August, the research report stated. That was followed by losses in the health care and social assistance and administrative, support, waste management and remediation sectors. The arts, entertainment and recreation sector also was hard hit; it lost 869,700 jobs.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.