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Reopening Does Not Lead to Seamless Hiring as Some Sectors Face Transition

Source: Marcus & Millichap.

Most impacted sectors hire staff; overall job growth slows. The net 266,000 personnel added to payrolls in April fell below the prior month’s 770,000 new positions. While sectors hit hard by economic shutdowns, such as leisure and hospitality, continued to recruit, growth was tempered by losses in other sectors made more necessary by...

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