Finance, tech firms on hiring spree amid coronavirus turmoil: LinkedIn

first_imgThe coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp’s professional networking site LinkedIn.Across seven countries in North America, Europe and Asia, healthcare providers are among the busiest recruiters given the ongoing battle against the novel coronavirus, which has killed over 200,000 people and infected over 3 million people worldwide, LinkedIn said. But lifestyle changes during lockdown are also driving demand for financial consultants, factory workers, animators and game designers, and delivery workers.Overall, the hiring rate has plunged in the first quarter from the year-ago period, and in late April remains lower than a year ago across most countries surveyed by the platform. But the data offer a glimmer of hope with a gradual uptick in China, where the coronavirus emerged last year and which leads the world in surfacing from a months-long lockdown. Hiring in the United States, United Kingdom, France and Italy – which lead the world in coronavirus-related deaths – remains hugely depressed, but is falling less rapidly than a few weeks ago as the countries pass the peak of their epidemics.Retailers including Walmart Inc, Amazon.com Inc and Instacart have said they would hire a total of over 700,000 workers to meet a surge in demand for groceries and household essentials during the coronavirus outbreak.Consumer goods manufacturers such as Unilever, whose products include soap and shampoo, confirmed on Wednesday it was hiring to fill 300 jobs globally, but declined to elaborate.Nestle told Reuters it was looking to fill 5,000 full-time U.S. positions in “a variety of levels across corporate and frontline.”Fidelity Investments, a Boston-based financial services firm, said it had accelerated recruitment because of the pandemic and was looking to fill at least 2,000 full-time roles for financial consultants, software engineers and customer service staff in the United States in 2020.Companies hiring in the United States and other countries also include Apple Inc; ByteDance, the Chinese parent of video-sharing social network TikTok; Takeda Pharmaceutical Co Ltd; and aerospace and defense company Lockheed Martin Corp. These companies did not immediately respond to requests for comment.Dire warnings The International Labor Organization warned on Wednesday that 1.6 billion workers, or nearly half of the global workforce, especially in the informal economy, could lose their livelihoods.Record numbers of people have applied for U.S. jobless benefits since mid-March, and the unemployment rate is expected to soar to 16%, White House economic adviser Kevin Hasset said this week, from a 50-year low of 3.5% before the pandemic hit.Both Italy and France, in lockdown for nearly two months, have seen hiring rates drop by around 70% from a year ago, according to LinkedIn.Since China is ahead of other countries on the pandemic timeline, improvements there could suggest the same is in store elsewhere, Berger said. Several American states and European countries have begun allowing some non-essential businesses and schools to reopen in the hopes of restarting the economy and allowing a gradual return to normal life.”It’s still slightly early to call it a firm recovery,” Berger said, referring to improving prospects in China. “We’re not expecting a full recovery but rather it’s an indication that parts of the economy will switch on as lockdowns are eased, at least relative to the worst point of the pandemic.” LinkedIn, with over 690 million users worldwide, counts new hires when people add a new employer to their profile. The rate is the number of new hires divided by the total number of LinkedIn members in a country.The figures, tracked since mid-February, are not corroborated by official jobs data and do not represent the actual number of jobs in an economy. Government figures are usually released with a time-lag of several weeks.”We are confident that our data is directionally correct in that there has been a huge decline in hiring in the U.S. and abroad,” Guy Berger, principal economist at LinkedIn in California, told Reuters.Hiring in China plummeted 50% during the height of its coronavirus crisis in mid-February from 12 months earlier. Since restrictions were eased in early April, the hiring rate has inched up, and for the week ending April 24 was 3% lower than the same period in 2019.center_img Topics :last_img read more

Syracuse women’s basketball recovers from sloppy start to dominate Siena, 102-65

first_img Published on November 14, 2016 at 9:40 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 Blood dripped from Brittney Sykes’ face as the redshirt senior slapped the side of the baseline panel and took a seat. One minute into the night, she had sustained what appeared to be an elbow to the lip and was forced out of the game.In her absence, Siena exploded to a 9-0 run. Ninety seconds of action saw Alexis Peterson get stripped and SU air ball 3-pointers.Midway through the first quarter, without one of its star players, Syracuse trailed by six.But eight seconds into the second, Gabby Cooper drilled a 3 from the right wing, sparking a 14-1 run. The spurt supercharged No. 14 Syracuse’s (2-0) offense to a 29-9 second quarter outburst. After a deadlocked 20-20 opening frame, the Orange dominated Siena (0-1), 102-65, Monday night in the Carrier Dome.“It’s tough because this is their first game so we had last year’s tapes,” Syracuse head coach Quentin Hillsman said, referencing SU’s film study on Siena. “We kind of just had to play a little bit.”AdvertisementThis is placeholder textSU scored 100 points for the first time since 2013 and racked up at least 95 points for the second-consecutive game to start the year. By game’s end, Isabella Slim (16 points), Sykes (18), Briana Day (19), Peterson (19), Cooper (11) and Jade Phillips (10) had contributed double-figure scoring.Returning its top four scorers from a year ago, Siena came out strong in the first quarter. Jackie Benitez repeatedly hit pull-up jumpers to keep the Saints in it. While Siena’s leading scorer in 2015-16, junior point guard Kollyns Scarbrough, was held to nine points, the Saints converted on chances, shooting 50 percent from the field in the first. Syracuse, meanwhile, played sloppily in the opening minutes against a team that has had only one winning season over the last decade.The Orange got its shots but the only uncertainty was how many it’d knock down. SU went just 6-for-16 from the field. Even in the 29-point second quarter, Syracuse shot only 35 percent from the field. Where it thrived was in shot generation, tallying 31 shots and hitting on 11.Syracuse paced the floor in the second quarter and beyond, applied pressure defensively and chucked up shots — something it had not done in the opening 10 minutes. The Orange switched from a three-quarter-court defense to full court. In the half court, SU extended farther than it did in the first — near the midcourt line — to pressure Siena guards. When backup guards came on, Syracuse suffocated the Saints offense.“Our point guards got in some foul trouble, which hurt,” Siena head coach Ali Jaques said. “I think it caused some tentativeness.”Even when SU sagged off, the Saints could hardly get shots off. They scored just two points inside the paint and shot only 1-for-11 in the second quarter.Cooper’s early 3-pointer sparked the run. From the wing, Sykes threw a dart to Day’s chest. Day made an up-and-under move for the basket. A couple of possessions later, Sykes cut to the dish for two. Then she maneuvered her way around Siena center Meghan Donohue for a bucket down low.Phillips drilled a slight-fade away 3 from the wing, pulling her hands down. Syracuse head coach Quentin Hillsman took a sip of water and shook his head with a light chuckle. A Day to Sykes alley-oop layup off an inbound pass followed.Toward the end of the quarter, Chelayne Bailey drove from the wing, drawing a second defender before she slotted a pass to Isabella Slim for two points. Syracuse jogged into the locker room up 49-29 at the half, turning a tie game into one that would soon be out of reach. Comments Facebook Twitter Google+last_img read more