>>By the Numbers: April 3, 2020

By the Numbers: April 3, 2020

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Healthcare Workers Being Shuffled to COVID-19 Hot Zones

The Numbers:

  • Demand is high for healthcare workers with experience working with critical care patients
  • “Literally, what we’re doing right now is moving people from all around the country into hot zone areas,” said Shane Jackson, president of Jackson Healthcare, about the Covid-19 situation.

U.S. Unemployment Could Reach Over 30% in Q2

The Numbers:

  • In Q2 2020, the U.S. may reach more than 30% unemployment due to the economic slowdown due to COVID-19
  • This correlates to 52.81 million unemployed people in Q2 with about 47 million workers being laid off during that time period
  • Source: Federal Reserve Bank of St.Louis

Walmart Testing Employee Temperatures

The Numbers:

  • Temperature checks and basic health screening questions are being adopted before employee shifts begin
  • Infrared thermometers will take about three weeks to distribute to all Walmart stores and facilities
  • Source: Walmart

BountyJobs Reports: Hiring During COVID-19

The Numbers:

  • The First 10 Critical Steps to Restore Productivity Now Via Peer Advice
  • Ways to Stay Connected with Your Pipeline
  • Actions to Take to Be Ready for Post-COVID

Hiring Freezes Most Common Lever for Cost Control During COVID-19

The Numbers:

  • More than 4 in 10 North American employers have implemented a hiring freeze or have reduced hiring due to COVID-19
  • 28% will or are considering doing the same
  • 1 in 5 companies have reduced or eliminated hiring season workers
  • Source: Willis Towers Watson

Several Financial Institutions Pledge No Job Cuts in 2020

The Numbers:

  • Morgan Stanley, Citi, Wells Fargo, and Bank of America have said they will maintain staffing levels throughout COVID-19
  • HSBC and Deutsche Bank have put planned layoffs on hold
  • Source: Various

Lidl Hiring to Meet Demands

The Numbers:

  • Lidl plans to hire up to 1,000 temporary workers in its stores and distribution centers ‘for a minimum of two months’ due to the COVID-19 pandemic
  • Source: Lidl

Walmart Shortens Hiring Process to ‘as little as 24 hours’

The Numbers:

  • Where hiring usually took two weeks, Walmart has shortened the process for hiring store associates to around 24 hours
  • This change will help the company reach their goal to hire 150,000 new associates by the end of May
  • 25,000 associates were hired in less than a week after announcing the hiring initiative
  • Source: Walmart

IT Staffing Impacted by COVID-19

The Numbers:

  • Many clients in the IT staffing sector need consultants to work from home, impacting the industry
  • Reductions in demand and clients taking longer to pay are two trends being seen
  • Source: TechServe Alliance

U.S. Initial Jobless Claims Jump to 6.6 Million

The Numbers:

  • The week ending March 28 saw an increase to more than 6.6 million initial jobless claims
  • This doubles the prior week’s revised level of 3.3 million
  • Only 211,000 initial claims were made during this time last year
  • This 6.6 million is the highest level of initial unemployment claims in the history of the Department of Labor’s tracking
  • Source: U.S. Department of Labor

U.S. Loses 27K Jobs in March

The Numbers:

  • The U.S. lost 27,000 private-sector jobs in March
  • However, this data is only through March 12th so does not accurately reflect the impact of COVID-19 on employment
  • Source: ADP National Employment Report
By |2020-04-02T18:59:25+00:00April 3rd, 2020|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: April 3, 2020

About the Author:

Erin Geiger is a seasoned Content, Editorial, and Product Engagement professional with two decades of experience creating content as well as overall content direction and strategy. Her background stems from a variety of online verticals ranging from start-ups to Fortune 500 corporations.