>>By the Numbers: May 15, 2020

By the Numbers: May 15, 2020

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Hourly Workers Deal with Unemployment Obstacles

The Numbers:

  • 45% of hourly and gig workers have already filed or plan to file for unemployment
  • 47% are concerned about accessing unemployment benefits
  • Hourly and gig workers are also worried more about finding work than the general population
  • Source: Bluecrew

Gen Z Workers Hit Hardest by COVID-19 Layoffs

The Numbers:

  • Gen Z as well as those that are new to the workforce have been impacted more by COVID-19 related lay-offs than other age groups
  • Those that are 25 years old or younger have seen a 93% higher rate of layoffs than those that are 35 years old or older
  • The tourism industry has seen the most layoffs with a higher percentage for workers between 16 and 19 years old at 33%
  • Source: Gusto

Graduates Expect Fast Recruiter Feedback

The Numbers:

  • Before stay at home orders were instituted, graduates expected to apply to around 10 jobs – in mid-March that doubled to 20
  • 95% of such job seekers expected to hear back from an employer in less than two weeks
  • Source: iCIMS

BountyJobs Reports: Special Platform Access for COVID-19 Essential Roles

The Numbers:

  • For companies on the frontline fighting the COVID-19 outbreak, filling critical open roles is more important now than ever before. BountyJobs is committed to helping you get the people you need, fast. We are offering you no cost access to our recruitment marketplace to help you do it.
  • We have collected special offers from our partners to assist those in talent acquisition to make progress in filling essential roles related to COVID-19

A Third of Small Firms Forecast At Least Six Months to Normalcy

The Numbers:

  • 4% of small businesses feel their business will return to a normal level of operations in six months of longer
  • 7% felt it would be 4-6 months, and 24.1% said it would be 2-3 months
  • Only 3.9% felt business would be back to normal in one month
  • Source: U.S. Census Bureau

Initial Jobless Claims Decrease for Sixth Week in a Row

The Numbers:

  • More than 2.98 million Americans filed initial claims for unemployment insurance, a 195,000 decrease from the previous week
  • In Connecticut, claims increased by 262,542 while they decreased in status such as California (fell by 102,229) and Texas (102,263)
  • Source: U.S. Department of Labor

Physicians Struggle with Lack of Work During Pandemic

The Source:

  • 7% of doctors have been laid off amid COVID-19
  • 6% of doctors have been furloughed during the pandemic
  • “Struggling to work and worrying about the future are challenges for millions during this Covid-19 crisis, and these results show that the medical profession is impacted as much as many other areas,” CHG Healthcare CEO Scott Beck said. “Few would expect rising unemployment rates for doctors during a public health crisis, but the numbers who are out of work or working less are shockingly high.”

IT Spending Forecasted to Fall

The Numbers:

  • IT spending worldwide is expected to decrease by 8%
  • While all segments of IT are expected to experience a decline this year, some sub-segments may see some growth – public cloud services has a growth forecast of 19%
  • Source: Gartner Inc.
By |2020-05-15T16:32:00+00:00May 15th, 2020|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: May 15, 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.