What you need to know about unemployment

Economies across the globe struggle to survive and the US witnesses the most dismal decline in the gross domestic product in ten years. Retail sales have plummeted according to the retail sales report on record, and unemployment claims are off the charts. The unemployment rate has been at its worst since the Great Depression. However, there are a few things that one must know about unemployment in 2020, such as how many layoffs are permanent and how many workers will be reinstated in a matter of time. One must also evaluate the industry and consider the damage and recovery time accordingly. Here is everything you need to know about the economy and jobs amidst the COVID-19 pandemic. 

Read more: nytimes.com/2020/05/06/business/economy/coronavirus-unemployment-jobs-report.html