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  •  Economic Recovery From The Pandemic Is A Mixed Bag Across Industries, But These 26 Subsectors Are Quickly Regaining Jobs

    26. Real estate: 60.4% of the decline has recovered by October.

    Noel Hendrickson/Getty Images

    Median hourly wage: $19.51

    Employment decline from February to April: 111,500

    Employment gain from April to October: 67,400

    24 (tie). Food manufacturing: 63.9% of the decline has recovered by October.

    IP Galanternik D.U./Getty Images

    Median hourly wage: $15.91

    Employment decline from February to April: 97,900

    Employment gain from April to October: 62,600

    24 (tie). Wood product manufacturing: 63.9% of the decline has recovered by October.

    Arthur Dries/Getty Images

    Median hourly wage: $16.47

    Employment decline from February to April: 35,200

    Employment gain from April to October: 22,500

    23. Food services and drinking places: 65.5% of the decline has recovered by October.

    Noam Galai/Getty Images

    Median hourly wage: $11.48

    Employment decline from February to April: 6,076,000

    Employment gain from April to October: 3,977,700

    22. Transportation equipment manufacturing: 66.0% of the decline has recovered by October.

    Charles Mostoller/Reuters

    Median hourly wage: $24.55

    Employment decline from February to April: 401,100

    Employment gain from April to October: 264,800

    21. Miscellaneous store retailers: 67.7% of the decline has recovered by October.

    Maranie Staab/Reuters

    Median hourly wage: $12.53

    Employment decline from February to April: 276,400

    Employment gain from April to October: 187,200

    20. Textile product mills: 67.8% of the decline has recovered by October.

    Mark Webster/Getty Images

    Median hourly wage: $15.26

    Employment decline from February to April: 25,500

    Employment gain from April to October: 17,300

    18. Personal and laundry services: 70.8% of the decline has recovered by October.

    shironosov/Getty Images

    Median hourly wage: $13.26

    Employment decline from February to April: 852,200

    Employment gain from April to October: 603,500

    17. Electronics and appliance stores: 72.3% of the decline has recovered by October.

    Philip Pacheco/Getty Images

    Median hourly wage: $15.53

    Employment decline from February to April: 48,300

    Employment gain from April to October: 34,900

    16. Motor vehicle and parts dealers: 74.6% of the decline has recovered by October.

    Joshua Lott/Reuters

    Median hourly wage: $16.50

    Employment decline from February to April: 377,300

    Employment gain from April to October: 281,400

    15. Miscellaneous manufacturing: 75.2% of the decline has recovered by October.

    Monty Rakusen/Getty Images

    Median hourly wage: $20.11

    Employment decline from February to April: 97,700

    Employment gain from April to October: 73,500

    14. Plastics and rubber products manufacturing: 75.6% of the decline has recovered by October.

    aydinmutlu/Getty Images

    Median hourly wage: $18.03

    Employment decline from February to April: 73,100

    Employment gain from April to October: 55,300

    13. Specialty trade contractors: 76.1% of the decline has recovered by October.

    simonkr/Getty Images

    Median hourly wage: $22.99

    Employment decline from February to April: 744,100

    Employment gain from April to October: 566,000

    12. Repair and maintenance: 80.1% of the decline has recovered by October.

    Rebecca Blackwell/AP

    Median hourly wage: $18.28

    Employment decline from February to April: 244,400

    Employment gain from April to October: 195,800

    11. Construction of buildings: 80.8% of the decline has recovered by October.

    Construction workers build a new Centex home on Tuesday, June 23, 2020, in Houston. David J. Phillip/AP

    Median hourly wage: $25.13

    Employment decline from February to April: 232,400

    Employment gain from April to October: 187,800

    10. Furniture and home furnishings stores: 80.9% of the decline has recovered by October.

    Oscar Wong/Getty Images

    Median hourly wage: $14.58

    Employment decline from February to April: 217,100

    Employment gain from April to October: 175,700

    9. Ambulatory health care services: 81.6% of the decline has recovered by October.

    SCIENCE PHOTO LIBRARY/Getty Images

    Median hourly wage: $20.88

    Employment decline from February to April: 1,333,200

    Employment gain from April to October: 1,087,500

    8. Nonstore retailers: 121.3% of the decline has recovered by October.

    PeopleImages/Getty Images

    Median hourly wage: $18.14

    Employment decline from February to April: 44,500

    Employment gain from April to October: 54,000

    7. General merchandise stores: 149.5% of the decline has recovered by October.

    Mario Anzuoni/Reuters

    Median hourly wage: $12.17

    Employment decline from February to April: 177,500

    Employment gain from April to October: 265,300

    6. Warehousing and storage: 169.8% of the decline has recovered by October.

    Hybrid Images/Getty Images

    Median hourly wage: $17.39

    Employment decline from February to April: 86,400

    Employment gain from April to October: 146,700

    5. Food and beverage stores: 230.4% of the decline has recovered by October.

    A cashier works at the Cardenas Markets grocery store as a for hire sign is seen on High Street in Oakland, Calif., on Wednesday, May 27, 2020. Jane Tyska/Digital First Media/East Bay Times via Getty Images

    Median hourly wage: $12.34

    Employment decline from February to April: 42,400

    Employment gain from April to October: 97,700

    3. Oil and gas extraction: 291.7% of the decline has recovered by October.

    The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County Reuters

    Median hourly wage: $37.67

    Employment decline from February to April: 1,200

    Employment gain from April to October: 3,500

    2. Building material and garden equipment and supplies dealers: 365.9% of the decline has recovered by October.

    Shannon Stapleton/Reuters

    Median hourly wage: $14.34

    Employment decline from February to April: 35,200

    Employment gain from April to October: 128,800

    Industries Driving Job Gains Face Another Covid Reckoning

    The economy continued to add back jobs last month. Will that still be the case come January?

    The Labor Department on Friday reported that the U.S. Gained 638,000 jobs in October while the unemployment rate fell to 6.9% from 7.9%. The jobs increase was only modestly below September’s addition of 672,000 jobs. Even so, the country remains in a deep hole, with 10.1 million fewer jobs than in February, before the pandemic.

    The...

    A Biden-Harris Administration Could Mean A Crackdown On The Advertising And Tech Industries

    Business Insider spoke to five experts who predicted that a Biden administration has big implications for the advertising industry.

    They anticipated a nationwide data privacy law and the creation of a consumer privacy protection bureau like the one Vice President-elect Kamala Harris established in California.

    More antitrust actions against the big tech platforms are also expected.

    Some said to expect further scrutiny of how cable providers collect data on users and anticompetitive e-commerce practices.

    Visit Business Insider's homepage for more stories.

    Joe Biden is projected to win the White House, and the advertising industry could be in a Biden administration's sights as it would seek to reverse the Trump deregulatory agenda.

    Business Insider spoke to five experts who predicted a stepped-up regulatory environment under a Biden presidency.

    They said a top priority would be passing a nationwide data privacy law. Two, one led by Republican Sen. Roger Wicker and one by Democratic Sen. Maria Cantwell, have already been introduced.

    Such a law would hamper advertisers, agencies, adtech companies, and tech platforms' longstanding practice of using people's data to create and target ads.

    As California's Attorney General, Vice President-elect Kamala Harris helped pass laws that restricted apps and browsers from tracking users and established a statewide privacy protection and enforcement unit. Alison Pepper, head of government relations at trade group the 4A's, said she would be "the most privacy-savvy person to ever occupy the VP position."

    While Harris has been criticized for going easy on big tech, experts now see her getting tougher on the industry due to lingering controversy over election interference and ads trafficking in misinformation, combined with pressure from advocacy groups that led this summer's Facebook advertiser boycott.

    Read more: Ad agencies worry they could lose big federal contracts due to Trump's executive order banning some diversity training, even if he leaves office

    President-elect Biden also is expected to work closely with Democratic senators like Ed Markey, Richard Blumenthal, and Elizabeth Warren who have sharply criticized the tech and ad industries.

    One move under a Biden administration could be a "privacy czar" or new privacy agency like the one Harris established in California, said Dave Grimaldi, EVP at IAB.

    The Biden administration also could investigate how cable providers gather consumer data via OTT platforms, said Jeff Chester, executive director at non-profit group Center for Digital Democracy.

    Scrutiny of the tech giants has already been underway.

    The Department of Justice filed an antitrust lawsuit against Google, and Facebook is expected to face similar such suits.

    Biden has argued for revoking Section 230 of the Communications Decency Act, which says platforms aren't responsible for the content they host.

    Chester also expects more investigations into what he called anticompetitive practices such as e-commerce auctions or search algorithms that favor house brands on platforms like Amazon, which has used data from advertisers to make competing products.

    Advertisers want to be regulated, but on their own terms.

    Dan Jaffe of the Association of National Advertisers said trade groups worry that if there's a a patchwork of state laws, it will create a regulatory maze for members. He predicted California's evolving data privacy laws would cost businesses $80 billion in that state alone. Instead, the ad industry is trying to push its own version of a single nationwide privacy law like Europe's GDPR.

    Ruvin Spivak, associate general counsel of compliance at marketing holding company Material, said a first step could be re-establishing some version of a 2016 agreement that allowed for data sharing between the US and the European Union. He argues it would provide EU citizens with greater protections against surveillance by US authorities and satisfy the ad industry and data privacy advocates.

    Spivak said the biggest challenge for a Biden-Harris administration is that brands are demanding more information about their customers than ever and that people don't want to pay for online services.

    "The way to subsidize that is by selling data," he said.


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