Is the economy recovering from the COVID-19 bashing?

Is the economy recovering from the COVID-19 bashing?

Jun 08, 2020

52 Views

0 comments

As the summer of 2020 has been one of the most devastating in so many aspects, data indicates that the worst may be behind us as the month of May witnessed the largest increase of jobs, 2.5 million, indicating that the economy may be recovering. Data also revealed that nonfarm payrolls rose by 2.5 million in May, and the unemployment rate slipped to 13.3 per cent. This gain may be attributed to those sectors which termed their layoffs as temporary. Leisure and hospitality have gained almost half of the lost jobs back.

Previous days news

Comments

    Others news
    Article
    A Quick Look at The Great Resignation

    The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...

    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 ...

    The Future of Gig Employment

    There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...

    7 Signs That Tell You It’s Time to Quit Your Current Job

    Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...

    Show more news