On January 8th, Jamie Jordan, Director of Programs and Business Services, Technical College System of Georgia (TCSG), Office of Workforce Development joined MAX to review the impact of the COVID-19 crisis on jobs and unemployment and resulting industrial disruptions, trends, and demands. He also provided an industrial and occupational forecast for 2021.
Following are some select examples of the insights provided by Jordan:
Impacts of COVID
- As of December 2020, 19.2 million Americans were still receiving Unemployment Insurance benefits compared to 1.8 million at the same time the previous year.
- The economy has only regained about half of the 22 million jobs initially lost during the pandemic.
- Permanent job losers remained at about three times pre-pandemic levels.
- Stark disparities by race have continued.
- Manufacturing output posted largest drop since 1946.
Prospects for Economic Recovery
- Job markets are expected to tick up in Q1 2021.
- Supply chains starting to rebound.
- Top 10 occupations for 2021 are: Software Developers, Computer User Support Specialists, Registered Nurses, Construction Managers, Financial Managers, Industrial Machinery Mechanics, Electricians, Nurse Practitioners, Elementary School Teachers, Speech Language Pathologists.
Click here to see the presentation.
ABOUT MAX MINUTES
Launched in 2014, the mission of MAX is to advance economic competitiveness in the Atlanta region by strengthening connections, collaborations, and practices among workforce developers and organizations engaged in workforce development. Through our webinar series, MAX Minutes, MAX seeks to bring timely insights to providers, intermediaries, and other partners in workforce. MAX Minutes features talks by key experts in the Atlanta region and beyond on important workforce matters.
Click here for recordings of past MAX Minutes webinars.