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Thousands of new jobs are being created in response to coronavirus

Confirming fears that a massive amount of people would lose their jobs due to the impact of the coronavirus, it has been reported that a record-setting 3,283,000 people have filed for unemployment benefits the week ending March 21.

There are reports that the job losses will continue, especially in hard-hit sectors, such as hotels, airlines, restaurants, malls and department stores.

In an effort to forecast what will happen next in the job market, Karin Kimbrough, the chief economist at LinkedIn, conducted a study of both China and Italy.

These two countries bore the initial brunt of the coronavirus. By researching the trajectory of their job markets, Kimbrough maintained it would offer insights into where the United States is heading.

According to Kimbrough, her analyses concluded that the U.S. will mirror the hiring trends in China and Italy. This would be exemplified by dramatic declines in U.S. hiring, as it occurred in both China and Italy. Then, once the virus has been contained, U.S. employment will rise, as it did in the two hardest hit countries.

LinkedIn also took a deep dive into determining which sectors are aggressively hiring. Its data shows a strong and fast-growing demand for healthcare workers. A large number of the jobs are for the brave professionals on the frontlines helping treat patients during this pandemic.

Healthcare-related workers are in the most demand with the highest level of job openings on the professional networking platform. According to LinkedIn, the increase in job listings for healthcare professionals tracks the rate of patients with coronavirus-related issues. Read more via MyJoyOnline

Pemo Theodore

Pemo Theodore is a Media Publisher and a great people connector. She was Founder Silicon Valley TV which has served the San Francisco Bay Area for 10 years! She has produced Silicon Valley Events for Investors & Startups for 10 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 6 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto and audio podcasts. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is audio & visual media and she has built up a great body of work of videos of panels & interviews and podcasts in Silicon Valley startup ecosystem. She has lived & worked in Canada, Australia, New Zealand, Ireland, London, Northern Ireland & Silicon Valley. Bio

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