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Covid-19 hits job market and small business

The job market shows signs of softening, even as a move by President Trump to replace lost unemployment benefits is struggling to get off the ground, according to The New York Times.

Last week, the Labor Department reported that new unemployment claims jumped to 1.1 million in New York, six months after Covid-19 was declared a pandemic. Millions of people lost their jobs due to the Covid-19, while countless others faced unprecedented career setbacks. Small businesses were especially hard hit.

“It is a pretty hard time for our supermarket to run normally. We have lost many of our customers, who are students in the nearby universities that are reopen so late this year,” said Ben Poon, a middle-aged shopkeeper having worked for the Asian Food Market in Syracuse for more than five years. “The operation status of the supermarket becomes worse that it has closed for three weeks in March. Before the pandemic, there were several hundreds of customers coming to our supermarket every day, but now the number is just two-thirds than before.”

It is a pretty hard time for our supermarket to run normally

Romana Lai, the owner of Romana Makeup, a beauty company in New York, also had to stop running her business for four months. “During that time, I had to stay at home and thought a lot about my company’s future,” said Romana Lai. “It has been a tortuous, long way for me to build my own company and brand. All these years I have conquered lots of challenges so when the pandemic has started, I really did not think it was an obstacle.”

Lai chose to think of the setback as an opportunity for her and her company. “I started to study online in an art school to fulfill myself beginning in March, and tried to move my business online,” Lai said.

Although the Covid-19 hits the U.S, we are still on the path to reach our goal

The pandemic has challenged workers and business owners alike, but it has also brought out resolve in people like Phyllis Ng. “It never stops our dream to run a dessert shop,” said Phyllis Ng, co-owner with her husband of a dessert shop located in the Asian Food Market. “We opened our own dessert shop just several days ago, before that we worked for the supermarket for several years. Although the Covid-19 hits the U.S, we are still on the path to reach our goal.”

There are bright spots in the economy, like tech companies. Qian Chen, a coder who works remotely in Syracuse for the FinTech company, started just four months ago says the company is still hiring. “All we need in the work is just a laptop, thus the pandemic cannot influence our work at all. Even if there was no pandemic, we also worked remotely for the company,” said Chen. “Sometimes, the pandemic even makes many technology companies, such as the companies creating for video or conference apps, grow faster.”