Financ­e, techno­logy, and consum­er goods firms are hiring tens of thousa­nds in the United States and other countr­iesLONDON: The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology, and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft’s professional networking site LinkedIn. Overall, the hiring rate has plunged in the first quarter from the year-ago period, and in late April remains lower than a year ago across most countries surveyed by the platform. Hiring in China plummeted 50% during the height of its coronavirus crisis in mid-February from 12 months earlier. Since restrictions were eased in early April, the hiring rate has inched up, and for the week ending April 24 was 3% lower than the same period in 2019.

Source: The Express Tribune April 30, 2020 11:26 UTC