The industry that's taking the worst beating
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.
Category
Retirement Benefits
Cybersecurity
Onboarding
Performance Management
Hiring
Employment Offers
Termination
Organization & Employee Development
Teamwork
Overtime Pay
Risk Management
Workplace Stories
Gender Identity
Global Mindset
Labor Relations
Firing
Investigations
Work Life Integration
Ethnicity
Drug & Alcohol Testing
Business Acumen
Employee Surveys
Health Care Benefits
Employment Testing
Severance Pay
Fiduciary Duty
Overtime Eligibility &
Contracts & RFPs
Workplace Culture
Communicable Diseases
Ethical Practice
Workers' Compensation
Workplace Wellness
Salary Surveys
Educational Assistance
Employee Data Privacy
Consultation
Employment Contracts
Policies & Practices
Leave Management
Compensation & Benefits
Disaster Preparation & Response
Vendors & Software
Retention
Whistleblowing
Benefits Reporting & Disclosure
HR Careers
Remote & Hybrid Work
Campus Placement
Opening
Tags
Article
How Startups Can Ensure Success While Working With Freelancers
However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...
Effective Ways to Stay Productive While Telecommuting
Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...
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 ...
Gig Economy and Its Impact on Staffing Firms
With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...
Comments