Is the economy recovering from the COVID-19 bashing?

Is the economy recovering from the COVID-19 bashing?

Jun 08, 2020

115 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
    Is It Time For Recruiters To Think Like Marketers?

    About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...

    A Quick Look at The Great Resignation

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

    What Are the Costs to Consider While Planning A Recruitment Budget?

    If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...

    COVID-19 - 6 Challenges Staffing Firms Are Likely to Face

    Most industries have severely suffered in the ongoing pandemic with a few exceptions, like healthca ...

    Show more news