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Office of the Chief Economist

Economic Note, Issue 103: Employment in IP-intensive industries during the COVID-19 pandemic and beyond

The United States Patent and Trademark Office (USPTO) Office of the Chief Economist released an Economic Note looking at the impact of the COVID-19 pandemic on employment, with a special focus on those industries that most intensively use various forms of intellectual property (IP).

Analyzing monthly employment data from the Bureau of Labor Statistics (BLS), the study finds that initial job losses (as a share of total employment) were lower in the IP-intensive industries than in other, non-IP-intensive industries. Employment in the copyright-intensive industries was slower to recover, reflecting a significantly slower initial recovery in the performing arts and creative industries in the first year of the pandemic. The performing and creative arts industries would see significant improvement in the spring and summer of 2021, helping to push a strong recovery in the copyright intensive industries through the rest of the year.

For more information, read the Economic Note.

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