Approximately 12 million people in the US are no longer working for reasons related to the Covid-19 pandemic, according to Moody’s Analytics, a US-based financial service company.
“A staggering 12 million people were not working because they had the virus, were caring for someone infected with the virus or were afraid of contracting the disease,” the chief economist of Moody’s Analytics, Mark Zandi, said citing a study by the Census Bureau.
According to this analysis, the number of such people increased from 1.2% in December 2021 to 3.5% in January 2022.
For Zandi, the study conducted among 75,000 people during the first ten days of January highlights the economic impact of the Omicron variant.
The rapid spread of the new COVID strain in recent weeks has caused disruption to large swaths of daily life in America. Services have been interrupted, ranging from emergency services in some hospitals to airlines.
“Employees in contact with the public, such as schools and emergency service providers, are most affected by the quarantines imposed in the wake of the pandemic,” according to a new report from Goldman Sachs.
Between December 25 and January 7, an average of 8% of flights were canceled each day, the U.S. investment bank said, noting, however, that such cancellations recently declined ahead of weather-related issues, suggesting a decline in the impact of the absence of workers.
These new data come at a time when the phenomenon of the Great Resignation is gaining momentum in America which has bet on a strong economic recovery to overcome the repercussions of the health crisis born from the coronavirus pandemic.
Exhausted by the “psychological” and economic repercussions of the health crisis, millions of Americans have resigned, increasing the pressure on an economy faced with runaway inflation and the persistence of supply chain disruptions. This wave of “Great resignation” has not spared the CEOs of companies, the vast majority of whom have decided to change course or retire after a period of stress caused by two years of the pandemic.
A study by Heidrick & Struggles, a Chicago-based leadership, and culture-shaping consultancy, found that CEOs are not immune to the burnout and stress that have affected hundreds of millions of workers worldwide since the start of the pandemic. Many of them have considered a new job or a new way of life, thus joining the surge of the “Big Quit”.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.