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Europe, North America Lead Global Trends for Childless Households and Fewer Married Couples

Source: Regional values calculated by UN Women using published country-level estimates from the UN DESA 2018a. For this analysis, data on China are based on estimates produced and published in Hu and Peng 2015.

Note: Regional estimates marked with an asterisk (*) are based on less than two-thirds of their respective regional population and should be treated with caution: Europe and Northern America (41% of the population) and Northern Africa and Western Asia (36.1% of the population). Global and regional distributions of households by type may not total 100 due to rounding. Population coverage was insufficient for Oceania and therefore not shown.

Family structures are rapidly changing, with fewer than four of every 10 households across the world reflecting the “traditional” composition of a couple with children, according to a new UN Women report

But the trends diverge per region, with Europe and North America having the highest portion of couple-only (24%) and one-person occupancy households (27%). Conversely, 59% of households in the Middle East and North Africa include children. 

Nevertheless, shifting employment trends and changing societal norms toward women and marriage are being felt globally, but at varying paces. For example, the proportion of women aged 45-49 to have never married has increased across the world since 1990, with the rate skyrocketing by 220% in Australia and New Zealand compared to just an 18% increase in Latin America.

To ensure socioeconomic prosperity, governments and employers need to enact policies that recognize evolving family dynamics, such as equal employment opportunities for women, paid parental leave and child-related support for lone-mother households. “The relationship between families, economies and governments is a symbiotic one: Each needs the other to flourish and to achieve stable and prosperous societies,” the report adds.

Consumers Are Delaying Big Purchases Until Coronavirus Subsides

Source: GlobalWebIndex

Global households are primarily concerned with COVID-19’s impact on their nation’s economy more than their personal finances, the latest survey results from GlobalWebIndex show.

But in a blowback to consumer spending, a significant portion — almost 40% of respondents — say they’ll be withholding on major purchases, including travel and appliances, until the threat of the coronavirus subsides in their country. And roughly 20% say they’ll wait until the pandemic subsides globally before taking out their wallet.

Conservative public attitudes toward spending come as much of the world imposes movement restrictions and social distancing to combat the disease, forcing many retail businesses and transportation services to suspend activity. The paralysis in consumer and business activity is expected to last for at least two months as governments across the world forecast a 60-day social distancing period to flatten the curve.

Coronavirus Crisis: New York, LA, Detroit See Double-Digit Drops in Hiring

Source: LinkedIn, Workforce Report April 2020

New York City, Los Angeles and Detroit have seen the steepest falls in hiring out of all major U.S. cities due to the coronavirus, according to a new LinkedIn report

Out of the 20 cities tracked, these three saw double-digit drops in March, while other cities reported limited declines — an ominous warning that the worst is still to come for cities where coronavirus is not as widespread.

Overall, job hiring is 1.1% lower year over year, which is the largest drop in LinkedIn’s hiring rate since January 2017. The industries most hit are Recreation and Travel (-22.2% MoM), Wellness and Fitness (-20.9% MoM) and Nonprofits (-20.6%MoM). 

March was the first complete month that captured how the job market has been affected by COVID-19. The U.S. Department of Labor announced last week that a staggering 6,648,000 unemployment claims were filed — doubling the record set a week earlier of 3,307,000 claims filed.

Cost and Radiation Top Consumer Concerns with 5G

Source: Global Web Index

Financial and health concerns rank as the top barriers to 5G technology adoption.

An expected increase in the cost of smartphones and the potential health-related dangers of radiation are the top-two consumer concerns regarding the technology, according to a survey of online populations in the U.S. and U.K.

Forty-one percent of consumers are wary of the expense of 5G, with women, Gen Z and late adopters — those who prefer to assess the value of 5G before switching over — particularly concerned. 

Potential exposure to radiation comes in second. Some contend there is still not enough conclusive independent research on the dangers and safety of 5G, while others affirm there is no threat posed by the technology

Telecommunications companies have begun providing more information on how 5G works and what its benefits are to win consumers over. But uncertainty around safety is delaying the technology’s deployment, making the case for additional and independent research.

COVID-19 Causes 100% Decline in Seated Diners in Restaurant Industry

Source: OpenTable

Last updated on Wed., March 25,10:09 a.m.

The restaurant industry is in freefall as the calamitous economic impact of the novel coronavirus continues to be felt. According to a new OpenTable report surveying seven countries, restaurants are seeing a 100% decline in seated diners, including online and phone reservations and walk-ins. 

The report includes results from the United States, Canada, Mexico, Germany, Ireland, the United Kingdom and Australia. Restaurants in all countries have seen a full decline in seated diners, save for Mexico, which is currently reporting a 96% decline. 

The sharp and sudden decline has already hit jobs in the hospitality sector, with thousands already lost. Restaurants are increasingly turning to their communities for support to stay afloat. OpenTable is providing multiple avenues to support struggling restaurants, like buying a gift card to use in the future or ordering take-out and delivery. Conversely, while dining restaurants suffer, grocery store app downloads, like Instacart and Walmart Grocery, have skyrocketed.

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