Job market rebounds after COVID-19 layoffs

Thousands of Greater Memphis residents found work in November, driving the jobless rate down and marking a return to normal employment levels after the pandemic set off heavy layoffs in April.

A new report from federal labor market analysts shows 621,200 residents of metropolitan Memphis held paying jobs in November, a number that suggests almost everyone idled in the spring was back to work by November.

The pandemic hit at a time Memphis was rolling. A year ago, employment in Greater Memphis crested at the highest level ever reported here — a record 622,983 residents were working in November 2019. Now the most recent report on the job market shows the region is almost back to that record level.

It suggests a remarkable recovery. Once the pandemic settled in, governors and mayors ordered non-essential businesses closed to ward off the contagious coronavirus. Thousands of still-employed people resorted to work from home and limited travel. Layoffs surged. Between March and April, 101,000 metro-area residents lost work. By late April, only 520,488 people were employed, a lowly level last experienced here in 1994.

Next Post

Texas 'relatively close' to ready for moving STAAR all online in 2022-23, study finds

Wed Jan 6 , 2021
Texas school districts are “relatively close” to having the tools they need to start giving state standardized tests online to nearly all students by 2022-23, according to a study published by the Texas Education Agency. The analysis, conducted by TEA and Texas A&M University officials, found recent technological developments — […]

You May Like