Election 2020 Job Market: The Affects and Predictions
How will this election affect the 2020 job market? With the presidential race approaching, economists have made predictions about the effects on the market.
If there’s one thing we’ve learned about this year, it’s that nothing is certain. We’ve been through (and are still dealing with) the coronavirus pandemic, we’ve lost a number of important figures, and racial tensions are at a high that we haven’t seen in decades. Each day involves preparing ourselves for something that could be potentially worse than what we experienced yesterday
Nowhere have we seen this situation of uncertainty play out as it has with the 2020 job market. Ever since the presence of the coronavirus, unemployment has risen to ridiculously high numbers, and at present, they show no signs of slowing down. With that being said, the election of 2020 is upon us, and the state of our job market is as uncertain as we are about who our next president will be.
Are you wondering what will happen to our job market during the election? There were a number of experts who also wanted to know the answers, and their thoughts are summarized in this article. Keep reading to learn more about what you can expect from our election job market!
The Election: What to Expect From the 2020 Job Market
First and foremost, you can’t talk about the state of the job market without stocks. Experts predict that the S&P 500 will decline by 5 to 10 percent after the election regardless of who wins, already letting us know we have some less-than-sunny days ahead.
Businesses in the travel and entertainment sectors are also continuing to decline, especially with the Trump-imposed ban that keeps airlines from traveling to European countries. That most likely won’t change until the coronavirus cases have gone down.
However, there is at least a bit of a silver lining to all of this. Companies that can work using a remote approach will suffer the least out of business; in fact, many of them may end up seeing an increase in profits.
There has also been a slight decrease in recent levels of unemployment, going from 11.1% down to just above 10%. This shows that although we’re far from being in an optimal state, the economy is still trying to fight back against the current state of events and create new jobs. All things considered, we may not have as bad of an economic outcome as we may believe. We’ll find out that answer when we see Election Day.
Let’s Get You Started
Now that you know what to expect of the 2020 job market leading up to the election, you can be better prepared to handle anything that comes your way. Now, you need to find the right employee or business so you can get to new levels. We’re the right ones to help you with the job.
At JSK Recruiting, we make sure that no matter what type of employee or company you’re looking for, we can find the right ones for your needs – every time. Sign up as a business or a job-seeker and start connecting with the business or people that represent your needs and values. We’re located in several areas and serve our clients diligently online.
Check out our page to learn more, or give us a call if you’re ready to take the next step and join our program. We look forward to helping you with your business needs!