Max Insurance Brokers
10 Million people have claimed for unemployment aid in the US.
The current unprecedented situation the globe has found itself in has affected millions. The sailors go down with the boat.
The consequence of corporations having to temporarily cease operations related to human contact has led to losses of revenue in the masses, and with a multitude of businesses worldwide unable to generate revenues to keep themselves afloat due to this break-neck restriction of services, has meant that employees have been left rendered without a job or duty to report to.
In the US, the unemployment rate has spiked to a gut-wrenching 4%. 10 Million in the US have claimed for unemployment aid.
Here's a a graph from the US Labor Department showing how in just two weeks unemployment claims skyrocketed another 6.648m.
Which industries have been affected?
1 - Airlines
Airports are shut worldwide. No planes are flying anywhere except those related to parcel deliveries and repatriation flights bringing those back home. All major European and other global airlines have had to ground their planes. Pilots, Cabin Crew, Airport staff are either not working or on severely reduced hours.
2 - Tourism
Hotel room bookings have been cancelled and rooms are empty. With tourism having been grounded to an absolute standstill, hotels aren't having any bookings. Hotel staff worldwide are affected. 3 - Food & Hospitality One thing is for certain, chefs will be born thanks to this pandemic. With restaurants worldwide having been forced to close for the time being, people are having to cook at home due to the lock downs and restrictions. What's it going to be this evening? The oven-pizza or the micro-wave meal?
4 - Gyms
It comes to no surprise, gyms will of course be affected. The nature of gym-goers sharing the same equipment in generally not-the-largest spaces, it's hard to distance your self socially from anyone whilst trying to burn off last night's pizza.
How can I protect myself?
If you would like to find out how to protect yourself in the case of unemployment, be sure to chat to us to explore your options in safe-keeping your interests in such a situation.
Other honourable mentions: Gambling
Film & Television
Oil & Gas
Theme Park & Entertainment
Photography & Image Related
Online Media Service Providers
Internet Service Providers
Customer Care Centres
Office Space Realtors
Mortgage - Backed Businesses
Tour Guide Services
Everyone has been affected.