Corona's impact on jobs and industries.
Jobless in India:-india's unemployment rate is now at a record high of 27.1%, according to the centre for monitoring the Indian Economy(CMIE).The new data show India's unemployment figures are four times that of the US.India doesn't release official job data, but CMIE data is widely accepted. The country has been in lockdown since 25 March to curb Covid-19 infections, causing mass layoffs and heavy job losses.
Agriculture:-There is an opportunity in every crisis. The complete lockdown due to the Covid-19 pandemic might have triggered unprecedented mass layoffs in various sectors, but the situation is silently creating jobs for those ready to work in fields.Over the last several days, social media posts and photos reading 'Wanted Farmers' are doing the rounds. It invites interested farmers having expertise in organic farming to join and return they would be offered a salary ranging from Rs 10,000 to Rs 30,000 a month apart from free accommodation and food.With the entire country witnessing reverse migration and lay-offs due to the pandemic, it has given more space for employment and technology in the agriculture sector.
Industry sectors:-COVID-19 is the biggest disrupter most industries have ever faced. The global pandemic, almost overnight, changed the Americal way of life--with entire industries forced to rethink their business models. Workforce became remote. Health, safety, and sanitation became more important than ever. And we've seen an interesting juxtaposition: nostalgic businesses like drive-in-movie theaters are thriving alongside futuristic industries like robotics.
But unlike recessions of the past that were led by bubble bursts or natural disasters, the economic downturn we're experiencing now is totally unique. Entire industries were shut down or extremely limited in order to prevent the spread of the virus. Suffice it to say, as the U.S. begins to reopen in fits and starts, there's not exactly a clear road map for economic recovery. But, there are some clues.
As far as rebounding industries, there are a few that are starting to show positive signs of recovery, saysMeredith Metzker, a content marketing specialist with Emsi, a labor analytic firm.
"With things changing so quickly, job posting data gives us the most up-to-date look at what's going on in our economy", says Metzker. "It helps us get a feel for which companies and industries are hiring right now ".
For example, transportation and warehousing saw a drop when COVID-19 shuts down first began, but the industry has seen a positive percent change in unique job postings in the past months. Wholesale trade, manufacturing, arts, entertainment and recreation, real estate, and construction are other industries that have also seen dips amid the shutdowns but are seeing a more positive job posting trends recently, she says.
Education sector:-
When the pandemic shut down schools last spring, courses at all levels across the nation wen completely digital--with online classes ranging from educational games for the youngest pupils to Zoom Zm, -6.14% lectures for college students. It became a massive experiment in virtual learning- done on the fly with educators swiftly adapting their lesson plans; so they could be taught online.
Here to help were education tech companies. For instance, the number of students using DreamBox Learning, a Bellevue, Washington-based ed-tech company that offers fun video game-style math lessons, grew to form 3 million to 5 million. Chattanooga-based learning blade has been providing supplemental curriculum around Science, Technology, Engineering, and Math for remote teachers and homeschooling parents.
Information technology
The information technology industry has been the hallmark of the Indian growth story since the 1980s. The Indian It sector has relied heavily on non-home markets for demand and resources and built deep global ties using co-location with clients, enable by international travel and temporary on-site migration, acting as a key mechanism in developing "cognitive proximity". However, the COVID-19 pandemic is expected to make international travel and migration more restrictive and costlier maybe for a long time. The paradigm shift creates significant barriers for It firms to able to maintain cognitive proximity with their clients and could adversely impact their global competitiveness.
5 IT sector jobs to recession-proof your carrier after covid-19
1. Cybersecurity.
2. Risk analyst.
3. IoT professionals.
4. Cloud security.
5. AI specialist.
0 Comments