COVID-19

How 2 out of every 5 jobs lost during COVID-19 may not come back

A hairdresser wearing a protective mask cuts the hair of a man at a barber shop, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., May 18, 2020. REUTERS/Marco Bello - RC29RG9B5CG4

The US Bureau of Labor Statistics has announced a 14.7% unemployment rate for April. Image: REUTERS/Marco Bello

University of Chicago
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According to the data, there are roughly three new hires per 10 layoffs. Image: University of Chicago
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