Thursday, 21 January 2021

The Daily Money: COVID-19 led to record work absences in 2020

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, January 21

Happy Friday Eve, Daily Money readers! We are one day closer to the weekend. It's Brett Molina back again with the latest Money and Tech news for Thursday.

Between health issues and workers scrambling to find child care options, job absences hit a record in 2020 due to the pandemic.

For some Americans who have tested positive for COVID-19, their battle to recover has lasted months. As a result, they're struggling to return to work.

Finally, now that former President Donald Trump is out of office, what will happen to his brand?

Scroll down for more headlines, and thanks for reading.

Brett Molina, Money/Tech editor

The COVID-19 pandemic is sweeping across the United States, closing businesses, idling workers, and forcing people to shelter in place. Another 6.6 million people filed for jobless claims in the first week of April, bringing the total job losses as a result of the coronavirus to 16.8 million in less than a month. With significant shares of the U.S. labor force receiving health insurance through their employers, these job losses have serious health consequences -- especially in a time of a pandemic. The economic carnage has also revealed a divide between those workers who get paid sick leave and those who do not -- and many of those who do not get paid sick leave work in essential jobs. According to the Bureau of Labor Statistics National Compensation Survey, 76% of the civilian workforce had access to paid sick leave in 2019. Although that percentage is up from 67% in 2010, it still leaves 33.6 million workers without paid sick leave. To determine the jobs with the worst sick leave problems right now, 24/7 Wall St. created an index consisting of the percentage of workers consistently exposed to human contact from workforce survey data compiled by O*NET and the percentage of employees in each occupation with access to paid sick leave from the Bureau of Labor Statistics' National Compensation Survey . Only detailed occupations with total estimated employment of 5,000 or greater were considered. Just 64% of workers have access to paid sick leave in the sales and related occupations industry -- a category comprising nine of the 30 jobs with the worst sick leave problem.

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