The industry that's taking the worst beating

The industry that's taking the worst beating

Jun 05, 2020

71 Views

0 comments

If you have been following updates on the COVID-19 pandemic and its implications on the US job market, you would know that there has been not a shred of good news to report. Job cuts have been in the tune of millions, but one sector suffers more than others. According to BLS, the job losses for April stood at 20.5 million, out of which 1.3 million were from manufacturing, 2.1 million in retail and 2.5 million in education and health services. But the hardest hit of all was the leisure and hospitality industry with a whopping 7.7 million job losses. While a 217k was the number of jobs cut in the leisure and spectator sports industry, 5.5 million were cut in food services alone. Read the whole article for deeper insights. 

Previous days news

Comments

    Others news
    Article
    What Why and How of Background Checks A Useful Guide for Staffing Agencies

    Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...

    You Think You Have Earned It? Here is How to Ask for a Promotion

    Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...

    Are 4 day work weeks the future?

    Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...

    Don’t Fall Prey to These Job Scams

    When people are looking frantically for employment, scammers get a chance to exploit their weakness ...

    Show more news