Dire straits for the class of 2020
With a recession looming in the background, and a completely disrupted job market and broken supply chains, the class of 2020 on a global scale is looking at a very tough market. While some countries have projected a quick recovery, others will take years to get back on track. So what does this mea ...
Will we sustain the recent job market gains?
With layoffs still rampant across all sectors in the US, especially in hospitality and tourism, the question remains - will the US be able to sustain the recent job market gains? Or were these gains attributed to a temporary surge in demand triggered by the reopening of the economy after months? To ...
The impact of the pandemic on the economy
As the economy opened up earlier this month after being closed for weeks, the labor reallocation is looking weak as the pandemic has led to major disruptions in the way we live and work. According to data, it is estimated that only 42 per cent of workers who were laid off will return to their previ ...
A fall in demand is resulting in a struggle for US manufacturers
The COVID-19 pandemic has disrupted global supply chains, and the effects can be felt strongly by the manufacturing sector. Despite government aid, the sector is still reeling from the hard blows of the pandemic, and even companies who re-hired furloughed employees are being forced to lay them off ...
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