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Saturday, November 23, 2024

Georgia loses more than 130K jobs due to COVID-19

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Every state across the nation has seen a drop in its economy since February 2020. 

By November, the latest data reveals that a total of 17 states experienced job loss from October and the rest saw a decline in job growth.

In December alone, the country lost 140,000 jobs and was down almost 10 million jobs since February. 

Georgia saw a loss of 136,800 jobs between February and November, which was a 2.9 percent drop. 

Between October and November, the state grew its workforce by 20,900 jobs and had regained 0.4 percent of its labor force.

Experts say that the nation needs to tackle COVID-19 to improve the country's economic standing.

One of the hardest hits sectors is food and hospitality with the Accommodation and Food Services 

One of the hardest-hit sectors is the accommodation and food services industry, which lost 19.2 percent of its workforce, or 2.8 million jobs. 

The arts, entertainment, and recreation industry lost 27.9 percent of its workforce, or 690,000 jobs as of November.

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