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Someone can correct me on this if I am wrong. Most of the unemployment is people on the lower end of the spectrum in terms of financials. Most of them are in t
by tmpynews 7y ago
Someone can correct me on this if I am wrong.
Most of the unemployment is people on the lower end of the spectrum in terms of financials. Most of them are in the service sector. The middle of the pack group did not suffer because of this (yet). Whenever this clears the service sector, travel, restaurants, hospitality etc will bounce back very quickly. So all the people that lost their jobs could just get them back and the recovery will be sharp.
However, the kick in the nuts will be if the virus drags on for months. Then it becomes uncertain.