11-year low for US manufacturing
Manufacturing in the US has witnessed an 11 year low in May, which is an indicator that the worst of the COVID-19 implications may be behind us for the manufacturing sector. Many businesses are opening after months, but the economy and industry could still take years to recover due to the unprecede ...
Looking back to the Great Recession
As the world gears up to head into a recession in a post-pandemic world, we can't help but look back at the Great Recession of 2007 - 2009, which caused economic chaos in recent times. 30 million people had lost their jobs, household net worth plummeted by 18 per cent, and there were more than $10 ...
Layoffs curb the progress of the labor market
After two months of being locked down, millions of Americans have filed for unemployment benefits as a wave of layoffs shook every single industry. First-time claims are on an all-time high, with a record 6.867 million, more than three times higher than the Great Recession. Overwhelmed state unempl ...
The US opens up, but the job market will take time
The reopening of several businesses across the country triggered a ray of hope for citizens, even if it was shortlived. As unemployment still grips the nation, the US job market has never been this low in decades. With millions filing for unemployment, there are wide implications on the economy as ...
Meatpacking industry faces worker shortage
The COVID-19 pandemic is revealing many things to us, and one of them is the shortage of immigrant workers in the US meatpacking industry. The work is tough and difficult, and a health hazard in the wake of a viral pandemic. It has affected thousands of meatpacking workers across the US. It's estim ...
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