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More than half of American jobs are at risk because of coronavirus

5 pointsby skolosabout 5 years ago

1 comment

samizdisabout 5 years ago
It is a shame that the intro to this article appears only in the eighth paragraph: &quot;Nearly 80 million jobs in the US economy are at high or moderate risk today, according to analysis in the last week from Moody&#x27;s Analytics. That&#x27;s more than half of the 153 million jobs in the economy overall.&quot;<p>Maybe it was buried because, in the next paragraph, there is some ferocious back-pedalling: &quot;That doesn&#x27;t mean that all those jobs will be lost. But it&#x27;s probable that as many as 10 million of those workers could see some impact to their paychecks -- either layoffs, furloughs, fewer hours or wage cuts, said Mark Zandi, chief economist at Moody&#x27;s Analytics.&quot;<p>Even so, it does settle down to: &quot;Of those 80 million jobs, Moody&#x27;s Analytics projects that 27 million are at high risk due to the virus, primarily in transportation and travel, leisure and hospitality, temporary help services and oil drilling and extraction.&quot;<p>Those figures are stark enough to make an intro. It is vexing that an article in the business news section of any big media house should have started: &quot;A week ago, Darrin Dixon wasn&#x27;t all that concerned about the coronavirus.&quot;<p>FFS. News, not drama, please. Relevance, not voyeurism.