While many face unemployment, Amazon ramps up hiring during COVID-19
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More than half of the jobs in the U.S. could be at risk as COVID-19 continues to limit economic activity, according to Moody’s Analytics. But there’s also some brisk hiring.
Amazon says it’s going to hire an additional 100,000 full- and part-time workers. That’s because the company is seeing a surge in demand as more people are staying at home.
“Obviously, people are going to make more use of home deliveries, it makes perfect sense,” said Dan Griswold, senior research fellow at the Mercatus Center. “And Amazon’s in a good position to ramp up and meet demand.”
Amazon says it will pay workers at least $17 an hour to work during the pandemic.
Brick-and-mortar grocery chains like Safeway and Kroger are also recruiting more workers.
“There are certain crucial jobs that people will have to still go to work even as we adjust to new lifestyle. And that’s just sort of how it is,” said Kate Bahn, labor economist at the Washington Center for Equitable Growth.
These companies are hiring people to go to work, so that others can avoid going out as much as possible.
COVID-19 Economy FAQs
Pfizer said early data show its coronavirus vaccine is effective. So what’s next?
In the last few months, Pfizer and its partner BioNTech have shared other details of the process including trial blueprints, the breakdown of the subjects and ethnicities and whether they’re taking money from the government. They’re being especially transparent in order to try to temper public skepticism about this vaccine process. The next big test, said Jennifer Miller at the Yale School of Medicine, comes when drug companies release their data, “so that other scientists who the public trust can go in, replicate findings, and communicate them to the public. And hopefully build appropriate trust in a vaccine.”
How is President-elect Joe Biden planning to address the COVID-19 pandemic and the economic turmoil it’s created?
On Nov. 9, President-Elect Joe Biden announced three co-chairs of his new COVID-19 task force. But what kind of effect might this task force have during this transition time, before Biden takes office? “The transition team can do a lot to amplify and reinforce the messages of scientists and public health experts,” said Dr. Kelly Moore, associate director for the Immunization Action Coalition. Moore said Biden’s COVID task force can also “start talking to state leaders and other experts about exactly what they need to equip them to roll out the vaccines effectively.”
What does slower retail sales growth in October mean for the economy?
It is a truism that we repeat time and again at Marketplace: As goes the U.S. consumer, so goes the U.S. economy. And recently, we’ve been seeing plenty of signs of weakness in the consumer economy. Retail sales were up three-tenths of a percent in October, but the gain was weaker than expected and much weaker than September’s. John Leer, an economist at Morning Consult, said a lack of new fiscal stimulus from Congress is dampening consumers’ appetite to spend. So is the pandemic.
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