Unemployment claims touch 1.9M
As the nation took a sigh of relief on account of the unemployment rate for the month of May which seemed to dip to 13.3 per cent, according to the Bureau of Labor Statistics. However, many economists and experts have stated that the data needs to be examined better because it reveals an uneven une ...
What caused the unanticipated dip in US unemployment?
According to federal data released by the Bureau of Labor Statistics last Friday, there was a surprising dip in the unemployment rate, which dropped to 13.3 per cent in the month of May. While some were thrilled to hear this, claiming to be on the road to smooth recovery, some analysts have warned ...
Layoffs still high as jobless claims rise
While last month's unexpected dip in the unemployment rate had some of us relieved, the job market is still clearly recovering. The rate of layoffs and jobless claims rising to 1.5M are proof. 1.54 million Americans applied for unemployment claims in early June alone, and 700,000 sought compensati ...
Over 44 million citizens have filed for unemployment since March
Once seasonal adjustments were stripped off, the unemployment claims for last week alone stood at 1.5 million. While seasonal adjustments usually balance out the data set, the COVID-19 crisis has left analysts perplexed since adjustments can change the picture to some extent. TO add to this, there ...
Blue-collar worker shortage
According to reports, as the baby boomer generation retires, there will be a huge skill gap and a severe shortage of blue-collar workers. The manufacturing and construction especially will feel the brunt as young people are turning to white-collar jobs. While more people are going to college, they ...
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