The Hunt for Jobs Amidst Covid-19 #infographic

The Hunt for Jobs Amidst Covid-19 #infographic

As a result, the coronavirus spreads like wildfire – more and more people prefer to stay at home and to separate themselves from others in society. Unfortunately, this also means that many American businesses have for an indefinite period of time closed their doors, leading to a increase in individuals left without a valid source of income.

According to the U.S., the number of Americans applying for jobless benefits has risen dramatically over the past week. Labour service. In fact, the authorities estimate the initial jobless figure to be about 281,000 in the week ending March 14. It is also the highest reported number since 2017, when Hurricane Harvey captured America.

Unfortunately, the government anticipates that this is just the beginning because of the coronavirus pandemic, and things will get worse over the coming days because many companies are considering mass layoffs.

The NewYork Times also posted more than 600,000 jobless claims in 15 states this week. That means the number may well exceed a million nationally. In this regard, economist David Choi, Goldman Sachs says the estimates will grow to more than 2.25 million by the end of this week – as the damage from coronavirus increases.

The rapid and drastic increase in demands for jobs reflects the profound magnitude of the crisis that has engulfed the world. It has also put a resounding halt to the global economy and the start of American recession.
The Hunt for Jobs Amidst Covid-19 #infographic

infographic by: www.statista.com

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