It’s no secret that COVID took a heavy toll on employment last year. At the peak of the COVID crisis last April, the unemployment rate skyrocketed to 14.7%. However, hiring is picking back up across the board. The latest monthly report from global outplacement firm Challenger, Gray & Christmas showed the entertainment and leisure industries had the most job hiring announcements in March, partially due to big rehiring plans from companies like Comcast and Disney.
If the jobs growth in the entertainment and leisure industry is any indication, it could be the next major catalyst for even more upside ahead for the stocks of media behemoths Comcast and Disney.