Employment Insights: 6-5-2020

Allegiant's President and Chief Investment Officer Benjamin W. Jones, CFP®, AIF®, offers insights about the current state of employment in our latest brief. Please click here to read or download the full report

KEY TAKEAWAYS:

  • The speed and magnitude of recent job losses dwarf experiences in past recessions.
  • Job losses have hit some sectors much harder than others. Lower income workers have been most impacted.
  • A vast majority of the recently unemployed workers are classified as temporarily unemployed instead of permanently unemployed, leaving hope for a swift recovery.

Ben also shared his perspective about the May 2020 Jobs Report released on June 5, 2020, in a new video: