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 today released a new 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 details and information, read the Economic Note