You’re not hiring, and you don’t know when you will be hiring. As business ramps up, you’ll address hiring needs as they arise.
Unfortunately, this is flawed logic.
Although a record number of people have become unemployed in a nine-week period, some of these individuals will return to the jobs they previously held. Meanwhile, others may not be available, either.
In addition, unlike in previous recessions, unemployment has not evenly impacted all industries. This time, unemployment is highly verticalized.
April 2020 Job Losses
The people most impacted by the COVID-19 business shutdown are those employed in leisure and hospitality, and many of these individuals are less-skilled hourly workers.
By contrast, in some industries, for certain positions, there is still a talent shortage. The bottom line is, hard-to-fill positions are still hard to fill.
What’s more, it’s difficult to figure out which jobs may become in demand and hard to fill as business reopens.
As an example, the above chart suggests there are plenty of retail employees in the job market. After all, it shows that
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