There is something good at work

The worst time for our job market was in June. When the blow of the pandemic crisis had arrived recently, but long enough to be warned in almost all sectors of production and services. We were stunned and things could have been even worse if there hadn’t been a freeze on layoffs. However, the joint analysis by the Ministry of Labor and the Bank of Italy contains interesting indications on the following months. With a notable recovery from the June crash. From 600,000 seats lost to the halving of that liability. Obviously 300,000 fewer jobs, with a strong female prevalence, are still terrible news. But it makes sense to look at the history of that data, with the recovery we have just talked about, and its composition. Because of the 300,000 that still represent the deadly damage of the pandemic to the labor market, most were employed, with non-permanent contracts, in completely blocked sectors, such as tourism and catering and services for public events, or in supply chains where there was a strong reduction in consumption, such as clothing.