subsector, which includes chartered buses and taxis. Employment in October was 25.5% below employment in February, five percentage points higher than the percent change from February to September. in mid-September using data up until August, showing which major industry sectors have seen the most job recovery so far. Of the major industries BLS analyzed, retail trade has recovered the most, at 72.5% by August. That is, 72.
Business Insider decided to take BLS' analysis a step further and look at job recovery for detailed industries. To do this, we used the same method, looking at the number of job gains between the low in April and the newly released October figures as a percent share of the jobs lost from February to April.
Eight of these detailed industries have actually had more jobs added between April to October than there were job losses between February to April. This is reflected in a greater than 100% recovery from the decline using our metric. For instance, employment in general merchandise stores have recovered by 149% because there have been 265,300 jobs added since April, compared to the 177,500 jobs lost between February and April.
"There is a whole set of business lines out there that until we get a vaccine and we can all return to something closer to normal, getting those types of jobs back are going to be difficult," Denton told Business Insider.
GDP last quarter was up 33.1% October jobs was 683,000 Unemployment is now less than 7% V shaped recovery
Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world.
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