Three in Five U.S workers say WFH is the biggest benefit
6.6 M
Millions of people lost their jobs in just the past three weeks due to the COVID-19 outbreak. The US Bureau of Labor Statistics shows that jobless claims surge by 6.6 million for the week ending April 4, beating a previous record of 695,000 in October 1982. According to the release, the highest unemployment rates overall were in New Jersey, Alaska, and Connecticut. Check out the weekly initial unemployment claims.
37 M
The Labor Department reported that 37 million jobs of both private and public sectors suffering the biggest job losses, and are vulnerable to layoffs due to this sudden outbreak. According to the International Labour Organization (ILO) report, there are 4 hardest-hit sectors of COVID-19. Among all, the most hit sectors are the accommodation and food services sector (144 million jobs affected), manufacturing (463 million) and general stores (482 million). Click here to know more about which industry sectors are in the biggest job losses.
1.8 M
The worldwide coronavirus death toll exceeds 127,595 and the number of confirmed cases of COVID-19 is more than 2,014,025, according to the Johns Hopkins University. The US has reported the majority of confirmed cases, nearly half a million, while Italy has detected as the highest number of COVID-19 deaths. To see the confirmed cases by country/region and sovereignty, see this map and dashboards of COVID-19 from Johns Hopkins University.
1.1 M
New York City Mayor Bill de Blasio said that in order to limit the spread of the COVID-19 crisis, the public schools in the City’s 1.1 million student district will be shuttered for the rest of the academic year.
$28 B
Clearly, when coronavirus comes nobody ‘wins the race’. The COVID-19 has now affected the tech and start-up ecosystems than ever before. Travel, restaurants, advertising, retail, and mobility has been hit particularly hard due to this outbreak. Research says that $28 billion in start-up investment is going to lose this year, globally. The high-tech companies like Apple, Microsoft, Alphabet, Amazon, and Facebook have combined lost more than $416 billion and much worried about its potential impact on the economy. To know more info, see this impact of the corona crisis on startups & tech, published by Dealroom.
62%
A significant percentage of people across the US shift to working from home to limit the spread of the coronavirus. The remote work options have developed from 39% at the time to 57% in the latest polling, conducted on March 30 — April 2nd. Three in five U.S workers say that working remotely with a flexible schedule is the biggest benefit and a few say that collaboration/communication has become the biggest struggle for them, reported by the 2020 state of remote work. To see how working remotely has increased from March 13th to April 2nd in America, click here.
$174 MN
In the age of the crisis, foreign aid is minimal. The United States announced $174 million financial assistance to 64 nations including $2.9 million to India to aid the Indian government to prepare laboratory systems, to support technical experts for response and preparedness, and for more, said by US State Department. The US providing $1.8 million to Nepal, $3.4 million to Bangladesh, $1.3 to Sri Lanka and $ 5 million to Afghanistan to help them fight the COVID-19 pandemic.