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Data: Indeed; Chart: Axios Visuals

Millions of Americans are unemployed — and desperately seeking work that just isn't there.

What they're saying: "There aren’t enough jobs to go around," says Tara Sinclair, a senior fellow at the Indeed Hiring Lab. "It’s like playing musical chairs, and we’ve taken a whole lot of chairs out of the circle at once."

Jobs are coming back in some industries, but the pandemic continues to hurt others — turning many temporary layoffs into permanent job losses.

The sectors driving the recovery...

  • Jobs in trucking, warehousing and e-commerce, which support the stay-at-home economy, have been relatively strong, says Jed Kolko, chief economist at Indeed.
  • "Construction is doing well, too, as people are looking for new homes or to improve their current one," he says.

...and the sectors continuing to struggle:

  • The hospitality and tourism industries as well as retail and restaurants are suffering most as the pandemic drags on. Arts, entertainment and sports, which rely on large, in-person gatherings, are also in trouble.

Trouble at the top: Tech and finance jobs aren't immune to the coronavirus either. "These higher-wage sectors might be slower to recover because they base their hiring decisions on where they expect the economy to be longer-term," Kolko tells Axios.

  • Final-year MBA students, who are usually drowning in offers by the fall, are looking at a bleak jobs landscape as many of the big consulting firms freeze hiring, reports Patrick Thomas in the Wall Street Journal.

Go deeper

3. The next big thing in education: accessible job-training solutions

Employers need to rethink credentialing for the in-demand jobs of today.

  • Traditional degrees may not be the answer for everyone.

The idea: With four-year degrees out of reach for so many, the traditional definition of “higher education” needs to be expanded to include technical training, two-year degrees, and certificate programs that have been designed to help fill the roles in fields with the most openings.

Erica Pandey, author of @Work
Dec 8, 2020 - Economy & Business

American workers' stunning pivot

Illustration: Eniola Odetunde/Axios

Even after the pandemic is behind us, millions of jobs — most of them in the travel and service industries — will be gone forever, and workers are figuring out their next moves.

The big picture: Pivoting from one career to a whole new one is a difficult feat, but many have pulled it off. That could be a good sign for America's resilience amid the pandemic's economic destruction.

Kendall Baker, author of Sports
34 mins ago - Sports

European soccer is at war

Liverpool celebrating its 2019 Champions League victory. Photo: Nigel Roddis/Getty Images

Europe's biggest soccer clubs have established The Super League, a new midweek tournament that would compete with — and threaten the very existence of — the Champions League.

Why it matters: This new league, set to start in 2023, "would bring about the most significant restructuring of elite European soccer since the 1950s, and could herald the largest transfer of wealth to a small set of teams in modern sports history," writes NYT's Tariq Panja.