Signals of the future of work (Mar. 2021)

>> COVID-19 employment fallout varies by sector

Painting in broad strokes, the COVID-19 crisis has had a devastating impact on employment. However, a closer look reveals that not all sectors have fared the same, not by a long shot. This month we became aware of data confirming that the hospitality and leisure sectors have suffered the greatest employment losses since February 2020. A total of 345,000 jobs have been lost, although this figure does not account for the thousands of people still receiving aid through Spain’s ERTE furlough scheme. In terms of social security contributors, the hospitality sector has been dealt a 20% blow since month two of last year. By the