FinTech Silicon Valley Jobs

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 is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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