With the shutdown of major operations around the world and sluggish sales due to lockdown, the industries started laying off employees to avoid margin leakage or stay afloat. In the unemployment graph, countries are segregated based on the effect of unemployment.
- Countries like Fiji, Norway are facing the worst impact of Covid-19 and have maximum increase in unemployment since last year.
- Countries like United States, South Africa are also experiencing a major downturn in economy and showing a huge increase in unemployment rate.
- Countries in segment moderately high and moderate are developing economies that are experiencing the COVID-19 effects gradually.
On further deep diving, the extent of unemployment in the US as compared to last year, we observe that different industries are experiencing different effects. Industries like Motion picture, Rental & leasing service, agricultural/private workers are experiencing less unemployment as compared to last year Industries like real state, trade, manufacturing, transportation are experiencing moderate effects of coronavirus Industries like Food services, mining, construction are the worst affected industries experiencing higher unemployment when compared to last year
