May 7, 2020
2020 projected unemployment: 8.9%. Unemployment is expected to peak in Q2 at 13.1% while Jobless claims approach 26 million with the hospitality, leisure and food services particularly hard hit.
2021 projected unemployment: 6.5%. The positive news, the rebound is expected to be relatively quick.
Additional positive news is there will be a labor force seeking employment.
Learn more about Delta Business Advisors at DeltaBusinessAdvisors.com or contact us at 480-686-8062 / Lisa@DeltaBusinessAdvisors.com if you are interested in selling your Company.
*From IBISWorld’s April 28,2020, US Economic Insights: COVID-19.
https://www.ibisworld.com/industry-insider/webinars/webinar-us-covid19-economic-analysis-april-2020/