Layoffs curb the progress of the labor market

Layoffs curb the progress of the labor market

Jun 02, 2020

198 Views

0 comments

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 unemployment offices are experiencing backlog,s, as many states are now processing applications for gig workers. Read about the layoffs in detail here; https://www.reuters.com/article/us-usa-economy/u-s-labor-market-struggles-as-layoffs-spread-despite-businesses-reopening-idUSKBN22X0C0 

Previous days news

Comments

    Others news
    Article
    Driver Jobs to Watch Out For

    If you love being on the road, if you love driving with the wind rushing through your hair, if your ...

    This Thanksgiving - Give Thanks To All These People

    This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...

    All you need to know about the teaching profession

    Teaching jobs: transformative teacher roles you can undertake amidst the teacher shortage in the US ...

    With Remote Working Being the New Norm, How to Hire the Best remote Workers

    Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...

    Show more news