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About 23 of the 152 million jobs in the US are at the
epicenter of the COVID-19 crisis. Some of the hardest-hit sectors are in the
hospitality industry (hotels, restaurants, and entertainment). Other hard-hit
sectors include temp help services and air transportation, which could see
layoffs threatening as much as 10.2% of all jobs. The takeout food, bar, and
ground transportation sectors represent another 4.9%. Most of these jobs fall
into the manual services category and may seem easy to replace. However,
given the uncertainty about the economic response to the crisis, companies
may want to consider how to retain their best-trained workers as an
alternative to firing them. Options may include short-time working and
temporary wage reductions, especially if supported by federal, state, or
local schemes.
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