The employers in United States 7.7 million workers were laid off during the month of April, a sign of how deep the economic gap is after the closure of thousands of offices, restaurants, shops and schools during the pandemic.
The work Department He also said in a report Tuesday that job openings plummeted and hiring virtually disappeared in April. The number of available jobs fell 16% from March to 5 million. Hiring fell 31% to 3.5 million.
The gloomy April figures, after an even worse March in which there were 11.5 million layoffs, hint that the economy could take time to recover almost a decade of progress that faded in around 60 days.
Hiring recovered during May with 2.5 million net vacancies, the government said in a separate report on Friday. However, those advances seem to reflect the return to activities of employees who were temporarily laid off and an increase in the number of people with temporary jobs and not to a fully functioning economy.
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Tuesday’s report reveals the speed with which employers responded to the pandemic, by leaving or firing workers during March, although that trend slowed the following month when consumer spending appeared to bottom out and even recover slightly.
The Job Vacancies and Rotation Study (JOLTS) details the total numbers of hiring and job separations, while monthly job statistics reflect net changes.
The coming months could be challenging as monthly hiring is just 60% of the 2019 average. There are 4.6 unemployed workers for every vacancy, which means it may take time for the economy to regain its previous health. the pandemic.
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