Amidst the pandemic, where businesses have suffered by being closed down, the job market has also been hit very hard in this pandemic. 2020 is not a very bright year for job seekers because of the toll that the markets have taken after the crisis hit.
Freshly graduated students are not roaming unemployed seeking a job. Everything is being operated remotely, and very few companies are hiring new employees. The unemployment rate peaked at an all-time high in the last week of April. May was a good month as the lockdown was being cooled down, and a few businesses were allowed to open. Still, the job prospects have changed dramatically over the course of the past few months.Jobvite, a recruiting software company, led a string of surveys in February and April, respectively. February was a month when the virus was still new and was just starting to spread, the reports suggested that almost 28% of people were afraid of losing their jobs – compare that to April, and the number has risen up to 41%. It was also noted that in April, many people had planned a second source of income.
Take a look at the following survey to find the analysis and key findings of the study that went underway.
Infographic by: entrepreneur.com