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The three hardest hit industries

Jun 25, 2020

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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 ...

Surprise job gains and unemployment

Jun 25, 2020

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On the surface, it looks like the labor market made a comeback from April's drastic losses as 20.7 million jobs vanished into thin air. However, there were 2.5 million jobs added in the month of May, which showed marginal signs of improvement. Take a look at the details here. ...

1.5 million seek unemployment last week

Jun 25, 2020

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Even as businesses continue to open up, there still appears to be a problem in terms of unemployment. According to the Labor Department, over 1.5 million Americans filed new state unemployment claims last week — the lowest number since the crisis began, but far above normal levels. What's more, is ...

The communities who are hit the hardest

Jun 25, 2020

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As the economy reopens, many rejoiced as the Bureau of Labor Statistics announced that 2.5 million jobs were added in the month Of May, however, this is no win because the data also reveals the inequality of this growth. Hispanic women, immigrants, young adults, those with less education continue t ...

An overview of extending benefits

Jun 25, 2020

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According to a federal agency, the extension of benefits may help now, but would most likely hurt later. Jobless claims are continuing to strain the economy, but what can be done? Read about the crisis here. ...