How long unemployment will remain high without a leisure bailout - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A chief economist at a major jobs site lays out the best way to understand the labor 'reallocation,' and why we're in the 'temporary' middle phase

Though consumer spending on restaurants and travel has decreased since March, demand will pick back up after a vaccine allows for large crowds to gather safely.

But these jobs may not be gone for good — and another key question isn't whether they'll come back, but how long that recovery will take. , predicted, first in a Twitter thread and later in an interview with Business Insider, that while the hospitality workforce has been "reallocated" away from restaurants and hotels, these job changes likely won't be permanent.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The White House opens the door to boosting unemployment benefits past July - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. sounds like extended vacation. Thank god! 'But Republicans are fiercely opposed to extending the benefit. They say it disincentivizes people from returning to work, as it allows a significant share of workers to earn more from the government instead.' For many, returning to work is simply not an option.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus impact on Disney's parks finances, long-term balance sheet - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Unless you are premium, dont bother to click the link.
Source: BusinessInsider - 🏆 729. / 51 Read more »