20% of Job Openings Have Disappeared Since COVID-19 Took Hold

If you're following the news, you're well aware that the impact of COVID-19 stretches far beyond the realm of healthcare; the outbreak is also battering the U.S. economy and forcing millions of Americans out of a job. The crisis has also hit small businesses hard, forcing many to shut down temporarily, and possibly permanently. And new data from job site Glassdoor reveals that, not shockingly, the job market has taken a beating as well.

What is shocking, however, is the extent to which job openings have declined in less than a month. Between March 9 and April 6, roughly 20% of new job listings disappeared, marking the lowest level since February 2017. And Glassdoor reports that on a percentage basis, the U.S. stands to lose as many job openings in the first four weeks of the COVID-19 crisis as it did during the first nine months of the Great Recession.

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source Fool.com