Unemployment dips in Arizona for December, but jobs are still tight
Although jobless claims fell at the end of the year, certain industries — restaurants, hotels, and motels — will continue to be under economic stress in 2021.
Lee McPheters, a research professor of economics, says dining and entertainment will continue to be the hardest hit sectors throughout 2021.
In this story published Jan. 27, 2021, in Cronkite News:
Job losses have occurred in those areas that depend upon face-to-face contact, whether that be amusements, hospitality, restaurants, and bars.
– Research Professor of Economics Lee McPheters
Latest news
- Leading the movement to fix fast fashion
As a college student, Jennifer Hyman founded a clothing rental service that reimagined how…
- U.S. Department of Labor warns shortages could drive up food prices
Labor shortages could lead to a 10% increase in food prices, explains a W. P.
- The biggest cybersecurity and innovation risks in financial services
Cybersecurity is ranked among executives' top issues, says an ASU information systems researcher…