Leisure And Hospitality Sector Jobs Plummeted 47% In April

The video discusses the severe impact of the COVID-19 pandemic on the U.S. job market, highlighting a historic rise in unemployment rates to 14.7%, the highest since the Great Depression. It details the loss of 20.5 million jobs, with significant impacts on sectors like leisure, hospitality, education, and health services. The report also notes that the average hourly wage increased, reflecting the loss of lower-paid jobs. Despite these figures, the full impact of the pandemic is likely underrepresented, as it doesn't account for reduced pay or hours.

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