The Historic Loss of Job in the US #Infographic

The Historic Loss of Job in the US #Infographic

It is not unusual to see millions of jobs lost as recessions occur. Such incidents are a routine part of the business process and most businesses do their best to make things complicated as they occur. Then, as time goes by, it is increasingly obvious that spending needs to be reduced, budget cuts need to be made and workers need to be sent home, unfortunately.

The economic cycle usually takes months or even years to unwind.3

But the COVID-19 pandemic has thrown a wrench into the economic status quo, generating from any previous downturn an incomparable situation. Instead of a gradual economic shift to slower growth conditions, market operations shrieked suddenly to a halt, without a reasonable window to resume.

The Historic Loss of Job in the US #Infographic

infographic by: www.visualcapitalist.com

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