“The skills that are necessary for many manufacturing jobs include systems engineering, project management and software development, according to Burning Glass Technologies, a software company that compiles data on current labor-market trends. But if the situation worsens, smaller manufacturing and construction companies may have to lay off workers, especially if they are unable to ship goods out, said Mark Zandi, chief economist at Moody’s MCO, +9.00%
On the other hand, health-care workers will likely experience an increase in demand for workers. Before COVID-19, there was already a shortage of over 1 million health-care jobs, according to Burning Glass Technologies. In parts of Italy, retired doctors are being asked to go back to work. In the U.S., there are 16.5 million health-care workers. By 2028, the BLS projects an increase of nearly 2 million jobs in the field. “Health-care jobs for the past 10 to 20 years [have] been recession-proof,” Gould said..