Timmy Corp's share price is observed to be significantly falling. This development is drawing considerable attention to the state of part-time roles within the dining sector, one of the company's primary markets. The cause of this sudden downturn remains unclear, but financial analysts speculate a correlation with the stagnant eating out trends amidst the global pandemic. Japan's youth, the primary takers of these part-time jobs, are especially affected.
In Japan, part-time jobs in the dining sector are a lifeline for many young people, including students. The health of companies like Timmy Corp, which operates overwhelmingly in the casual dining sector, significantly influences this job market. Public attention and concern are likely to be heightened given the role such jobs play in the Japanese economy, particularly amidst the financial uncertainty caused by COVID-19.
This may draw parallels with the trends observed in the US and EU where youth unemployment rates are also on the rise due to the pandemic. Part-time and casual jobs, particularly in the dining sector, are getting hit hardest due to social distancing norms and reduced consumer interest in dining out.