Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 08, 2020

Work From Home? You Probably Still Have a Job

(Bloomberg) -- Record unemployment in April, like most of the impact of the deadly coronavirus epidemic, did not hit all Americans equally. 

Jobs that aren't compatible with telecommuting were among the hardest hit, while industries with more work-from-home capabilities had some of the lowest unemployment rates, according to the U.S. Bureau of Labor Statistics.

Financial, professional services and the information industry reported lower than average joblessness. Leisure and hospitality was more than double the April rate for all Americans. The only exception to the trend were jobs in industries deemed essential, such as construction, manufacturing and transportation and utilities.

Only 29% of U.S. workers can work from home. In April, the unemployment rate more than tripled to 14.7%.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search