Half the US population is unemployed
The data indicates that the road to recovery is perhaps, years away. Latest data released showcases the employment to population ratio, which is way off. The number of unemployed people is 47.2 per cent, which is a historically high record. Economists predict that to get the ratio back on track, 30 ...
Job skills will be preferred to college degrees for government hiring
Trump has signed a federal order which states the prioritization of job skills over college degrees in government hiring. The shift is aiming at hiring a more diverse workforce by putting skills first, and giving people a fair chance. ...
Dunkin' adds 25,000 jobs
As the economy reopens after months of being out of business, fast-food chain, Dunkin Donuts adds 25,000 new jobs as the stores reopen across the country. The chain is announcing its first-ever national restaurant employee recruitment advertising campaign to fill positions in franchises across the ...
A few signs of recovery for the economy
As the restrictions on economic activity and civilian movement are eased, hiring has picked up in certain industries. Another indication that things are picking up is that the Labor Department announced a drop in unemployment claim filings. Take a look at the whole report here. ...
Pace of US layoffs slows down
As the unemployment claims rose by 1.5 million in the second week of June, the pandemic continues to shatter the economy as the rate of layoffs and furloughs has been historically high. The data for the month of May is now under examination, as the numbers were not adjusted properly, and the data i ...
People receiving unemployment aid decreases below 20 million
A good sign of slow recovery for the uS economy and job market as the weekly unemployment claims totalled 1.48 million last week, which was worse than the 1.35 million expectation set by Wall Street. The continuing claims dropped by 767,000 to 19.52 million. California was the state with the highes ...
47 million people file claimed unemployment aid in 14 weeks
As far as unemployment goes, the records are being smashed as unemployment rates and jobless claims have been shooting through the roof, affecting the lives of millions of people. Take a look at the data which showcases the economic slump and its effect on employment in the nation. ...
Improvement in labor market grinds to a halt
The second wave of layoffs has made one thing abundantly clear - the nature of the markets have never been this unpredictable or uncertain, and all we can do is wait for things to get better. As the pace of layoffs seems to have slowed down, companies are having to do damage control and work with w ...
A chart indicating the reopening economies
Take a look at this insightful chart by visual capitalist that illustrates the rate of caution and activity of different countries who are reopening their economies. Read the chart here. ...
The three hardest hit industries
It's been 100 days since the World Health Organization declared the COVID-19 outbreak as a pandemic, and a lot has changed since then. The effects are not felt by economies alone, but also has sociological impacts, the wealth gap, as well as the racial wealth gap, is widening, and that's bad news f ...
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