Coronavirus Layoffs: Round Two

Coronavirus Layoffs: Round Two

(NewsReady.com) – We’ve heard all about the importance of essential workers the last few weeks as businesses shut down or drastically changed their operations. Non-essential employees are being cut to keep virus transmission rates low without destroying local economies. Many blue-collar workers are being hit hard by the COVID-19 outbreak. However, it seemed that white-collar jobs might make it through relatively unscathed. That’s just not true.

There are currently around 17 million job loss claims due to COVID-19. Many of those rolled in within the span of a few weeks. It turns out that project management, consulting, data scientist, and white-collar positions in general, are making up round two of coronavirus-related layoffs.

Oxford economist Gregory Daco projects 27.9 million people will lose their jobs due to the virus. Currently, 3.4 million of those positions are professional and business service-related. That number could easily rise much higher.

While many thought that only blue-collar jobs take the brunt of the economic impact, Daco corrected this assumption, saying “The virus shock does not discriminate across sectors as we initially thought.”

President Donald Trump is working hard to get the country back on track. Hopefully, Americans in all sectors will go back to work soon.

~Daily News for Busy People!

Copyright 2020, NewsReady.com

1 COMMENT

  1. If I had the most recent chart, I documented about 34 states had fewer then 250 deaths, and case numbers were relatively low except, about 5 states, that have plateaued. I venture to say, not all the numbers may be COVID 19, since they’ve included other cases, as hospitals were being paid for their COVID patients. It will fluctuate, but we have meds and care in place to meet the needs. I agree with President Trump, that America needs to take action and get the economy started again. The precautions are set in place and people need to be responsible for themselves. It is not the government’s job to play nursemaid. People need to get on with their lives, and we need industries, to stock our stores again, before we become a desperate people and nation. Let’s unite America for work, and stop blaming for political reasons. Many careers may be changed, possibly. But let’s not be so foolish as to destroy ourselves. I don’t know about waiting for a one size fits all vaccine, because many people can’t take flu shots. This is life as we know it.

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