Businesses Hit Hard by Coronavirus Claw Back Jobs - News Summed Up

Businesses Hit Hard by Coronavirus Claw Back Jobs


WASHINGTON—The two industries that suffered the most job loss because of the coronavirus pandemic and related shutdowns—hospitality and retail—saw the strongest gains the past two months as the U.S. economic engine restarted. Still, those industries—and employers more broadly—are far from replacing all the jobs lost since February. And bars, restaurants, hotels and stores are particularly vulnerable to renewed layoffs because a recent spike in coronavirus cases in several states is causing governors to halt or roll back reopening...


Source: Wall Street Journal July 02, 2020 14:55 UTC



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