A growing number of jobs lost due to the coronavirus pandemic are disappearing forever.
A new analysis of payroll data published by Gusto found that less than half of furloughed employees have returned to work since March, and often for less money than they were earning pre-crisis.
The findings show that only 37% of workers furloughed in March, and 47% of those laid off in April, returned to their jobs as of July. A quarter of the workers furloughed in March who were re-hired and went back to their jobs had their wages slashed by 10% or more.
Just 14% of workers who returned to work are earning the same amount of money that they were previously making.
A new analysis of payroll data published by Gusto found that less than half of furloughed employees have returned to work since March, and often for less money than they were earning pre-crisis.
The findings show that only 37% of workers furloughed in March, and 47% of those laid off in April, returned to their jobs as of July. A quarter of the workers furloughed in March who were re-hired and went back to their jobs had their wages slashed by 10% or more.
Just 14% of workers who returned to work are earning the same amount of money that they were previously making.
Lost job, found occupatio by K. Kendall is licensed under Creative Commons Flickr
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