/COVID19_Impacts_On_Business_And_Workforce_Trends

This project analyzes COVID-19-related business trends through detailed assessment of unemployment rates, economic fluctuations, and factors (e.g., demographics, travel, personal habits) that likely contribute to growth and/or contraction in US during the worldwide pandemic. Correlations and associations between various factors and increased downturn clearly point to certain consistent vulnerabilities.

Primary LanguageJupyter Notebook

Project Title: COVID-19 Impacts on Business and Workforce Trends

About | Questions Analyzed | Data Source | Install Dependencies | Data Analysis Process | Summary Findings | Contributors

About

COVID-19 has been one of the most unpredictable and transformative pandemics in recorded history. It has been overwhelming because most businesses could not sustain, and many people lost their jobs. Our team decided to study the overall impacts of this pandemic on various businesses and workforce trends in the US.

This project analyzes COVID-19-related business trends through a detailed assessment of unemployment rates, economic fluctuations, and factors (e.g., demographics, travel, personal habits) that likely contribute to the growth or contraction US during the worldwide pandemic. Correlations and associations between various factors and increased downturn point to specific, consistent vulnerabilities.

Questions Analyzed

COVID-19 impacts and the questions we wanted to analyze as part of this project:

  • Unemployment - Which ethnic group, industry and states had the highest and lowest unemployment rates during the pandemic?
  • Businesses - Which businesses economically benefitted or lost the most due to COVID-19?
  • Airlines & Travel Routes - Which airlines and travel routes were most affected during the pandemic?
  • Mobility Trends - Is there any relationship between the total COVID-19 cases and mobility trends (i.e., people staying at home) in the US?
  • Safest Travel Destination - In the current situation, which is the US's safest travel destination right now?

Data Source

Install Dependencies

  • Businesses

pip install yfinance

  • Mobility Trends

pip install sodapy

Update APP Token, Key ID, Key Secret from https://data.bts.gov in config.py file

  • Safest Travel Destination

conda install plotly

conda install -c plotly plotly-orca

conda install -c plotly plotly-geo

conda install -c plotly plotly_express==0.4.1

Data Analysis Process

The project collects data from multiple sources cited above, performs normalization and aggregations after that, and, based on the data, generates various plots/maps to analyze and determine useful insights and draw conclusions to answer the questions.

Data Clean Up and Data Wrangling

Performed following data clean up and wrangling steps wherever required. The cleaned and transformed data was used for the remaining steps.

  • Cleaned up the data by removing NaNs and duplicates
  • Converted the data to appropriate data types
  • Merged multiple sources of data into one dataset and used it for the remaining steps

Summary Statistics

  • Unemployment

    • Chose the US states that were most affected (or) less affected due to the pandemic to generate the plot

  • Businesses

    • Calculated the percentage of change in stock price for each specified period
    • Top 10 and Bottom 10 performing businesses were determined

  • Airlines & Travel Routes

    • The route that has maximum cancellations was determined
    • The Route that has maximum delays was determined
    • Airline that has maximum cancellations was determined
    • Airline that has maximum delays was determined

  • Safest Travel Destination

    • Top 15 Safest travel destinations at County Level in the US was determined

Data Visualization

  • Unemployment

    • Generated a line plot with Unemployment Rates for all US states
    • Generated a line plot with Unemployment Rates for the States that were most affected (or) less affected due to the pandemic
    • Generated a line plot with Unemployment Rates for various races
    • Generate a line plot with Unemployment Rates for ten chosen industries

  • Businesses

    • Generated a line plot for top 10 performing businesses with Pre COVID, Mar 2020, June 2020 and Oct 2020 Profit % Changes
    • Generated a bar plot for top 10 performing businesses with Oct 2020 Profit % Changes
    • Generated a line plot for bottom 10 performing businesses with Pre COVID, Mar 2020, June 2020 and Oct 2020 Profit % Changes
    • Generated a bar plot for bottom 10 performing businesses with Oct 2020 Profit % Changes

  • Airlines & Travel Routes

    • Generated a bar plot with Total Cancellations per Routes (Top 15)
    • Generated a bar plot with Total Cancellations per Airlines

  • Mobility Trends

    • Generated a scatter plot with a linear regression model to see if there is a correlation between population staying at home and covid cases at national level.
    • Generated a scatter plot with linear regression model to see if there is correlation between population staying at home and covid deaths at national level.
    • Generated a line plot to show the mobility and covid trend at national level

  • Safest Travel Destination

    • Generated a bar plot showing the Percentage of Population difference between 2018 and 2019 at US County Level
    • Generated a bar plot showing the Top 15 Safest Counties to Travel
    • Generated a Plotly Map showing the County level Covid Cases

Data Analysis

We looked across all the generated figures/tables/maps and noted the observations and inferences. We included these observations at the bottom of the notebook for each question.

Jupyter Notebook files for each Question

Summary Findings

Summarized overall Analysis for all the questions in the project in Summary Findings Jupyter Notebook

Programming Language / Applications Used

  • Python
    • Pandas Library
    • Matplotlib Library
  • Jupyter Notebook

Contributors