The unemployment rate falls to 6.7%

The unemployment rate falls to 6.7%

Dec 04, 2020

393 Views

0 comments


The surge in cases is probably the reason why America saw only the addition of 245,000 jobs in November. Lowest in the last 6  months. The United States is in the midst of a fresh wave of COVID-19 infections. Nearly 200,000 new cases were reported on Wednesday and hospitalizations approached a record 100,000 patients, according to a Reuters tally of official data. The unemployment rate fell to 6.7% from 6.9% in October. It, however, has been biased down by people misclassifying themselves as being “employed but absent from work,” keeping the focus on long-term unemployment and people working part-time for economic reasons. To read more on this, click here

Previous days news

Comments

    Article
    What Why and How of Background Checks A Useful Guide for Staffing Agencies

    Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...

    With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?

    Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...

    How you can pay off student debt while you work

    Student loan debt is a crisis that has been making its way through The United States for quite some ...

    A complete breakdown of the US Commercial Drivers Licenses

    In the United States of America to operate any type of large automobile, you need a license. This i ...

    Show more news