Reuters provided an insightful look at how the coronavirus reshaping Europe’s labor markets has spurred workers to seek new career paths as old jobs disappear or remain beset with uncertainty about any return to normal. Widespread use of furloughs in Europe’s meant unemployment there rose less than in the United States. But as these schemes wind down, the fear is that many jobs in pandemic-scarred sectors will no longer be viable. Some 100 million workers in advanced economies will need to switch occupations within the next decade, 25% more than expected before COVID-19, consultancy McKinsey forecasts.
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