#1. Rapid hiring declines begin to slow
As coronavirus continues to disrupt our economies, many parts of the world have experienced a sharp decline in hiring. However, according to LinkedIn there is a reason for optimism as many of these declines have now started to slow. For instance, in China, we have seen a quick rebound in the past weeks, and hiring in the United States and Singapore is also showing signs of recovery. This market volatility has, however, impacted workforce confidence. The Workforce Confidence Index shows that while industries such as Transportation & Logistics feel more upbeat about the future and HR professionals are the most confident about their career progression, Education and Corporate Services have lowered their expectations and sectors such as Entertainment and Media remain most concerned.