1851

It’s not just about the spread of the virus, rather the aftermath that has many employees worried about what happens next.According the <a href="https://www.cnn.com/2020/03/16/economy/job-losses-coronavirus/index.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchising-and-covid-19-cnn-reports-that-more-than-half-of-american-jobs-could-be-at-risk-because-of-coronavirus-2712529" target="_blank" rel="nofollow">CNN article,</a>&nbsp;it's probable that as many as 10 million of those workers could see some impact to their paychecks -- either layoffs, furloughs, fewer hours or wage cuts, said Mark Zandi, chief economist at Moody's Analytics, in the article.Experts are predicting that as many as 1 million jobs could be lost in the coming weeks. In March of 2009, 8000,000 jobs were lost.According to the article,&nbsp;because the United States is now in what is a virtual national hiring freeze, many of those losing their jobs will have trouble finding new ones. A weekly survey of 350 businesses by Moody's Analytics found that as recently as December 41% of businesses were hiring. As of a Friday survey, that's down to 12%.Zandi goes on to say:&nbsp;"I think large companies are going to be slower to lay off. They are going to try to get through this. But a lot of these small businesses don't have the cash to weather the storm. It's not obvious to me how we help them. It's tough for the government to try to get cash and credit to small businesses."This week, 1851 will be co-hosting a special Franchise Community Webinar on the Coronavirus and Franchise. Register here:&nbsp;<a href="https://mbf6e734.clickfunnels.com/webinar-registration1584137477175?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchising-and-covid-19-cnn-reports-that-more-than-half-of-american-jobs-could-be-at-risk-because-of-coronavirus-2712529" target="_blank" rel="nofollow">https://mbf6e734.clickfunnels.com/webinar-registration1584137477175</a>

Franchising and COVID-19: CNN reports that more than half of American Jobs could be at risk because of coronavirus

1851 Franchise

According to CNN, Nearly 80 million jobs in the US economy are at high or moderate risk today, according to analysis in the last week from Moody's Analytics. That's more than half of the 153 million jobs in the economy overall.

franchising-and-covid-19-cnn-reports-that-more-than-half-of-american-jobs-could-be-at-risk-because-of-coronavirus

Children's Lighthouse

Children’s Lighthouse Ramps Up Growth in First Half of 2025 With Strategic Expansions, Franchise Signings, and New Headquarters

childrens-lighthouse-ramps-up-growth-in-first-half-of-2025-with-strategic-expansions-franchise-signings-and-new-headquarters

Right at Home

Right at Home® Named a 2025 Top Franchise Brand for Multi-Unit Owners by Entrepreneur Magazine

right-at-home-named-a-2025-top-franchise-brand-for-multi-unit-owners-by-entrepreneur-magazine

Dog Training Elite

Dog Training Elite -Tips-to-Ease-Dog Anxiety-for-4th of July- July-2025

Dog Training Elite Shares Tips To Ease Dog Anxiety for 4th of July

tips-to-ease-dog-anxiety-fireworks-4th-of-july

Melting Pot

Photo of interior of Melting Pot restaurant

Lexington Herald Leader: This Restaurant Chain Eyes a Return to Lexington After 10 Years

melting-pot-return-to-lexington

Keke's Breakfast Cafe

Keke's Breakfast Cafe - John and Kimberly Ehrhard - 1851 Franchise

Empowering Leadership, One Pancake at a Time: How John and Kimberly Ehrhard Are Building a Franchise Legacy with Keke’s Breakfast Cafe

john-kimberly-ehrhard-kekes-franchise

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Drone Delivery Takes Flight in QSR: The Future of Franchise Operations?

drone-delivery-takes-flight-in-qsr-the-future-of-franchise-operations

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

Franchising and COVID-19: CNN reports that more than half of American Jobs could be at risk because of coronavirus

MORE STORIES LIKE THIS