Layoffs curb the progress of the labor market

Layoffs curb the progress of the labor market

Jun 02, 2020

149 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
    I-9 Compliance for Remote Employees - A Guide for Companies

    More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...

    Did You Lose Your Job During COVID-19? Here’s What to Do

    First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...

    With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?

    Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...

    Are 4 day work weeks the future?

    Robert Owen, a Welsh textile mill owner, social reformer, and labor activist came up with a slogan ...

    Show more news