“…The sizeable estimates in Table 1 (a 72% increase in the unemployment rate) and the significant heterogeneity across cities and industries as highlighted in Figure 7 speak to the severity and unevenness of the pandemic’s labor market impacts and the importance of conducting analysis at granular levels. In addition, these results illustrate the ripple effect of the pandemic across cities within a country and across countries around the globe through the supply chain and trade channels, where a city’s (or country’s) industry composition, its exposure to trade, and the nature of the supply chain are crucial determinants of the effects of the pandemic on its economy ( Forsythe, 2020 , Goldberg, 2020 , von Gaudecker, Holler, Janys, Siflinger, Zimpelmann, 2020 , World Trade Organization, 2020a , World Trade Organization, 2020b ).…”