The Dow Jones industrial average lost 1,465 points, or 5.9 percent, Wednesday with every sector slumping after the World Health Organization designated the coronavirus a pandemic. At travel agencies in Atlanta and Los Angeles, several workers lost their jobs as bookings evaporated. Economists fear more layoffs in the coming weeks as supply chains come to a halt and people stay home and spend less. AD“We will definitely see an effect on jobs from the coronavirus, and it could be pretty large in leisure and hospitality,” said Julia Pollak, labor economist at ZipRecruiter. Ron Herrera, director of the Teamsters Port Division, the union representing UPS drivers, cited a decline in shipments because of coronavirus.

Source: Washington Post March 11, 2020 19:14 UTC