Courthouse News: “Bleak Forecast Shows Worst Hit to Global Economy Since WWII”
By admin_45 in IN THE NEWS
Excerpt from Courthouse News Service quoting DataTrek's Jessica Rabe:
.... "Nearly half the total layoffs in March and April came from two industries: leisure-hospitality and retail trade, according to the Job Openings and Labor Turnover Survey, which looked more deeply at April’s employment situation.
“These will be key industries to rebuilt given that one in five Americans worked in retail or leisure and hospitality pre-Covid,” Jessica Rabe of DataTrek wrote in a Wednesday investor’s note. “But they will also be the toughest industries to restore due to continued social distancing guidelines and capacity restraints for service sector establishments"....
Read the full article here on Courthouse News Service!
