How coronavirus is reshaping America's job market

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The coronavirus recession is forcing a sweeping overhaul of the U.S. workforce, triggering permanent job losses at an extraordinary rate and forcing millions of Americans to seek employment in entirely different industries

The longer the pandemic lasts, Shierholz said, the more likely the job shifts will continue beyond the end of the public health crisis. In September, the number of permanent job losers increased to 3.

Rep. Steven Horsford, a Nevada Democrat whom Neal praised as a "leader on this issue," said a comprehensive solution is needed. One complication is that this recession is different: Recent economic slumps have depressed demand across the job market and had fewer long-term effects, economists say. The Great Recession "affected people more evenly because it was a really great market downturn," said Elizabeth Hanke, an economist at the conservative Heritage Foundation.

“Even though employment has been steadily increasing, the number of people working for the same employers [as they were] in February has been pretty steadily decreasing, which means that the increase in employment is coming from people who are working for new employers, rather than old employers,” Adam Blandin, one of the researchers behind the Real-Time Population Survey, said.

 

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Did you close your business down,Take you kids out of school,Lock yourself up at home, because of the FLU.Then why do it for COVID19 that has a 99.9% recovery rate and is no more Virulent than the FLu.There is no PANDEMIC You have been Misled by the people who have frightened you

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The same thing happened when the US transitioned from the horse & buggy to the car.

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