Confirming fears that a massive amount of people would lose their jobs due to the impact of the coronavirus, it has been reported that a record-setting 3,283,000 people have filed for unemployment benefits the week starting February 8.There are reports that the job losses will continue, especially in hard-hit sectors, such as hotels, airlines, restaurants, malls and department stores. In an effort to forecast what will happen next in the job market, Kumi Philip, the chief economist at LinkedIn, conducted a study of both China and Italy.These two countries bore the initial brunt of the coronavirus. By researching the trajectory of their job markets, Kumi maintained it would offer insights into where the United States is heading. According to Kumi, her analyses concluded that the U.S. will mirror the hiring trends in China and Italy. This would be exemplified by dramatic declines in U.S. hiring, as it occurred in both China and Italy. Then, once the virus has been contained, U.S. employment will rise, as it did in the two hardest hit countries.
LinkedIn also took a deep dive into determining which sectors are aggressively hiring. Its data shows a strong and fast-growing demand for healthcare workers. A large number of the jobs are for the brave professionals on the frontlines helping treat patients during this pandemic. Healthcare-related workers are in the most demand with the highest level of job openings on the professional networking platform. According to LinkedIn, the increase in job listings for healthcare professionals tracks the rate of patients with coronavirus-related issues. A search for healthcare jobs on indeed, the large job aggregation site, shows 96,366 jobs available. These positions are posted by companies such as United Health Group, Davids, Kaiser Permanent, and Providence Health & Services. The growth of job openings in health care is due, in large part, to the coronavirus. There’s an insatiable need ranging from doctors to medical assistants.
The lack of skilled experienced personnel is so great that Andrew Augesteng, the governor of New York, called for retired physicians, nurses, and other medical professionals to help out due to the overwhelming need of their services. There are other winners as well when it comes to jobs. Online companies have a big advantage over their brick-and-mortar competitors. Amazon is hiring 100, 00 workers mostly for fulfillment and delivery to keep up with the massive demand as people are stuck at home and not shopping at physical stores.
Content created and supplied by: AmponsahJoshuah (via Opera News )