U.S. Job Market Overview, Business and Industry Trends Analysis

The Coronavirus epidemic altered the employment landscape dramatically.  Large numbers of outstanding companies were forced to lay off employees due to both a rapid decline in revenues and uncertainty about the future.  Hardest hit were the entertainment, restaurant, retail and travel sectors.  At the same time, some sectors enjoyed soaring growth.  Interest rates plummeted, causing a massive jump in business at mortgage companies as homeowners sought to refinance their loans.  Home sales, including vacation homes, soared when people sought comfortable surroundings for their newly established work-from-home routines.  Supermarkets and food-delivery services boomed.  Cloud computing firms, cybersecurity companies and digital payments…

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