If the
“social distancing” is not relaxed on April 1, 2020, unemployment will spike.
The 15-day closure of businesses affects restaurants, bars, hotels, airlines,
stadiums, tourist venues and business trips.
The
following low wage jobs are at risk.
12
million restaurant jobs, except take-out and fast food.
16
million retail jobs could be reduced by 50%
5 million
hotel jobs could be reduced by 50%
2.5
million entertainment jobs could be reduced by 50%
US Labor
Force 164,546,000 (63.4%)
Not in
Labor Force 95,082,000
Employed
158,759,000 (February 2020)
On
1/31/20 US Job Openings totaled 6,963,000 Hires were 5,824,000 Separations were
5,614.000
Open Hires
Term Gain/Loss
Total 6,963,000
5,824,000 5,614,000
210,000
Private 6,208000
5,460,000 5,288,000 172,000
Gov 755,000 364,000 327,000 37,000
Hospitality 892,000
1,120,000 1,086,000 34,000
Healthcare
1,170,000 644,000 613,000 31,000
Mfg-Const. 697,000
770,000 741,000
29,000
Educ 126,000 107,000 84,000 23,000
Transp. 283,000 259,000 251,000 8,000
IT 166,000 83,000 78,000 5,000
Retail 769,000
787,000
790,000 - 3,000
Real
Est 100,000 71,000 73,000 - 3,000
Finance 300,000 140,000 146,000 - 6,000
Wholesale 185,000
141,000 187,000 -46,000
The temporary
closure of restaurants, bars, gyms, stadiums and other venues will affect
millions of main-street jobs. Hotel occupancy is at 10%. Airline travel is down
due to travel bans, work from home and low vacation travel.
US Jobs
totaled 158,759,000 in February 2020.
Norb
Leahy, Dunwoody GA Tea Party Leader
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