Government Job is a Boon in These Times- Huge Job Losses in Private Sector

Read to know about huge job losses in Private Sectors and why its time for you to rethink your career options and consider government job for a secure future.

Unexpected reality seems to happen with this coronavirus in the face of layoffs and unemployment. The feeling is miserable when an unusual twist comes in your career life i.e. being jobless. The private sector is suffering a huge loss as they are losing their money in the consumer-facing industry leading to an economic crisis. As per reports, a massive breakdown in the wave of layoffs results in around 10 million people globally turning into unemployed within week times due to the pandemic effect of COVID-19. Many startups are laid-off, companies are experiencing a decline in their number of clients. In these tough times, when thousands of young people are losing their job, government jobs are like a boon and people are understanding its importance. Better wasting your skills in the private sector, give your luck to government jobs this year. Many youngsters are moving towards the government sector after experiencing this pandemic. 

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A Job Crisis Like No Other  

The below data depicts the number of jobs losses in various sectors globally, which is quite disturbing

S.NO. SECTOR JOB LOSSES 
1 Auto Manufacturing 2-3 Million
2 Auto Dealership 200,000 and still counting
3 Retails 6 million in the coming 3 months
4 Internet business 100000
5 Real Estate 14 million and still counting
6 Travel & Tourism 38 million in the next few months
7 Media & Entertainment 600,000-720,000 till June
8 Telecom 70,000
9 Education 3.6-4.5 million
10 Restaurant 2 million
11 Steel 200,000-240,000

The bend of interest towards government jobs is rising during this pandemic period as everyone thinks of a safe and secure career especially in such kind of difficult times. As government jobs provide you job security, a handful of salary, many other benefits including health, transportation, and many more. At least in case such a crisis comes again, you may be well-prepared to face that without losing your source of income.    

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Private Companies or businesses would take a longer time to go back to their business as it was before COVID-19, so this is the high time one should think of a secure and safe future and government job is the best option to go with. Many jobs have been released in the government sector in various departments including Railways, Banks, SSC, education, Police, Income Tax department, and various state-level posts. One can easily choose its interest in a job according to its experience, educational qualification, or state-wise. More broadly, the government releases thousands of vacancies every year in every sector, and candidates can prepare for the upcoming government exams and take a step ahead to save their future.  

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