Data: Challenger, Gray & Christmas, Inc.; Table: Axios Visuals

Even after the financial crisis, the annual number of newsroom layoffs won't come close what we're expected to see this year during the coronavirus pandemic, according to new data from Challenger, Gray & Christmas, Inc.

By the numbers: In the first 6 months of 2020, more than 11,000 newsroom jobs have been lost. That's nearly as many as were lost in all of 2009.

Why it matters: It could take years for the industry to recover from the thousands of lost jobs and cuts.

  • And it will ultimately push thousands of talented journalists out of the industry, many for good.

Driving the news: A slew of media organizations last week announced that previously-announced laid off staffers would be officially laid off.

  • McClatchy laid off 85 furloughed staffers last week, most in advertising.
  • The Guardian laid off 180 people, including 70 people in editorial.
  • BBC laid off 70 people last week, adding to the hundreds of job cuts its already made.
  • Vox Media laid off 72 furloughed staffers last week.

What's next: It's not going to end there. Sources tell The New York Post that broad-based layoffs are headed for NBCUniversal.

Go deeper: No media publisher is immune in the coronavirus era

Go deeper

Dion Rabouin, author of Markets
Oct 5, 2020 - Economy & Business

Long-term unemployment's V-shaped bounce

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Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

The number of people considered long-term unemployed has made a worrying bounce in recent months, as Friday's jobs report showed 3.8 million people had lost their jobs permanently in September.

Why it matters: That's almost twice as many as at the height of the pandemic in April.

The media’s 2020 moment

White House press secretary Kayleigh McEnany briefs the media Thursday. Photo: Saul Loeb/AFP via Getty Images

It's easy to dog the media. But stop for a second and reflect on everything we know thanks to the media — and often the media alone.

Driving the news: It was the media that gave light to the negligence of White House officials in containing the coronavirus. It was Bloomberg's Jennifer Jacobs who revealed Hope Hicks' positive test, with President Trump disclosing five hours later that he and the first lady had COVID.

Ben Geman, author of Generate
Oct 5, 2020 - Energy & Environment

The oil industry is facing a long jobs slump

Illustration: Aïda Amer/Axios

The oil, gas and chemicals industry shed 107,000 U.S. jobs in March–August as the pandemic hit prices and the wider economy, marking the fastest rate of layoffs in industry history, Deloitte analysts said.

Why it matters: Their new report released Monday warns that the sector's employment may remain depressed for a long time.