Why the labor market may take time to pick up

Why the labor market may take time to pick up

Jun 01, 2020

43 Views

0 comments

Until the COVID-19 pandemic broke out, the US labor market was the best it's ever been in 50 years. However, the pandemic has hit the labor market badly, and experts predict that bouncing back will take an uncertain amount of time. 17 million people have filed for initial unemployment benefits in mid-March as numerous businesses had to close their shutters. Leisure, travel and hospitality have been hit the worst, and manufacturing has been disrupted as well. Read about the implications of this on the labor market; https://edition.cnn.com/2020/04/15/economy/job-market-rebound-coronavirus/index.html 

Previous days news

Comments

    Others news
    Article
    Is It Time For Recruiters To Think Like Marketers?

    About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...

    How to Avoid Burnout in 2022

    Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...

    With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?

    Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...

    With Remote Working Being the New Norm, How to Hire the Best remote Workers

    Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...

    Show more news