Number of jobs at risk from COVID-19 pandemic is up to 75 million
Coronavirus will cost the U.S. travel sector 4.6 million jobs by the end of April, according to updated analysis released Wednesday by the U.S. Travel Association. Earlier projections released by U.S. Travel foretold catastrophic losses of $355 billion and 4.6 million travel-related jobs this year. But the latest data shows that $202 billion in direct travel spending and all 4.6 million jobs will disappear before May.
Januarys 452,933 full-time equivalents (FTEs) was down from the previous months employment total in December 2019 (453,976 FTEs) but was the highest FTE total for the month of January since 2003 (466,881 FTEs).
Job openings rose to 7.0 million on the last business day of January. Hires and separations were little changed at 5.8 million and 5.6 million, respectively. Annual levels and rates for 2019 are now available.
Nearly half of restaurant job openings in 2019 were filled by either first-time workers or promotions.
Companies are looking at how to make their workplaces work for everybody
The restaurant industry is adding middle-class jobs at a faster pace than the overall economy.
Nonfarm payroll employment rose by 273,000 in February, and the unemployment rate (3.5 percent) changed little. Employment rose in health care and social assistance, food services and drinking places, government, construction, professional and technical services, and financial activities.
Marriott International took the top spot in the ranking for the first time, followed by Johnson & Johnson and Hilton Worldwide Holdings
Study takes an inside look at the world of restaurant management, comparing trends of 2019 to expected challenges of 2020