One Chart Shows Coronavirus’ Stunning Job Losses

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Job seekers wait in line at the JobLink Career [+]

 

The U.S. Department of Labor reported unemployment insurance claims for the week ending Saturday, April 11, came in at 5.245 million, a decline of over 1.4 million from the prior week, but still the third highest weekly total ever recorded. The coronavirus has driven the four-week total over 22 million, and the past seven weeks of claims have been:

Unfortunately the job losses and unemployment claims probably won’t fall to zero or even close to it next week and above average claims will probably persist for the next few weeks and maybe even a month or two.

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Robots ‘will take 20 million manufacturing jobs over the next decade’, report warns

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People have long been nervous about robots and artificial intelligence taking over human jobs – but the next decade will see the process shoot into overdrive.

During the next decade, machines will displace 20 million manufacturing jobs, a report by analyst firm Oxford Economics suggests.

That amounts to 8.5% of the global manufacturing workforce, with each robot displacing 1.6 workers on average.

The report says that robotisation is accelerating due to falling costs, with the average unit price of a robot falling 11% between 2011 and 2016, CNN reported.

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Here are the 15 jobs disappearing the fastest in the US

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The average job in the U.S. will expand its workforce by 7% through 2026, but not all industries will be lucky enough to be adding staff in the future.

About 17% of the 818 occupations the Bureau of Labor Statistics tracks will actually lose more workers than they add between 2016 and 2026. The number of metal and plastic machines workers is expected to drop 9% in that decade. While other careers, such as locomotive firers, typists and postmasters will suffer a worse fate.

The following 15 occupations will experience the biggest decline over the next seven years, losing more than a fifth of all their workers:

Continue reading… “Here are the 15 jobs disappearing the fastest in the US”

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