The coronavirus pandemic left over 40 million people unemployed. Even so, colleges and universities had almost 4 million graduates who were already expecting or simply looking for jobs after school. Many graduates were forced to postpone their start dates and others had canceled internships, but some were dropped from their recent job offers altogether. However, industry experts are now predicting a drop in unemployment is on the horizon. Blake Barnes of LinkedIn claims there are “more than 1.5 million entry-level jobs and 65,000 internships in the U.S. alone posted on LinkedIn right now.”
Drop in Unemployment
The U.S. unemployment rate reached 14.7 percent in April, the highest number since 1948. Recently, the rate fell to 13.3 percent in May, as 2.5 million jobs have been added to the market. Health
Affected Industries…
Restaurants and drinking places saw 1.3 million employees go back to work, as the government allowed them to re-open in increments. Construction also added 464,000 jobs, and education and health services increased by 424,000, two jobs on opposite ends of the spectrum as health services became even more of an asset while education was almost completely shut down. In total, Americans who reported being temporarily laid off dropped by 2.7 million in May. States are slowly re-opening their economies but unemployment will still remain at an all-time high as social distancing remains necessary while the world attempts to get a handle on the coronavirus pandemic.
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