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14 May 2020updated 29 Jul 2021 11:11am

Decline in worldwide jobs market appears to be slowing

By Michael Goodier

Worldwide job losses in several industries hardest hit by the coronavirus crisis appear to be tapering off.

Figures from data analytics firm GlobalData show that while the jobs market has contracted since 1 March, the number of available jobs has remained flat in the hardest hit sectors over recent weeks.

All of the sectors tracked below have seen jobs shrink since the crisis began, but some have got off more lightly than others.

The statistics show that the number of travel and tourism jobs available for application has fallen to a fifth of what it was on 1 March. However, jobs in the oil and gas industry have dropped just over 30 per cent compared to 1 March.

Tracking the economic sectors hit hardest by the Covid-19 outbreak.

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Covid-19 has had a major, ongoing economic impact across the globe, but that impact is not uniform across different industries. While some economic sectors have seen business rapidly decline, others have been more stable. Some have even seen an increase in demand.

This chart aims to give a broad overview of which sectors are suffering the most since the World Health Organisation declared Covid-19 a global pandemic. It uses exclusive dynamic intelligence provided by GlobalData to track the number of jobs open for applications across the world in 19 economic sectors. The summary chart shows the six that have seen the biggest percentage drop in these “active” jobs.

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Economic sector impact chart