A ray of hope for the US job market

A ray of hope for the US job market

Jun 09, 2020

221 Views

0 comments

According to the Bureau of Labor Statistics (BLS) monthly report which was released last Friday, the US unemployment rate fell to 13.3 per cent in the month of May. This is a good sign for the millions of people who lost their jobs due to the pandemic and are in dire need of employment. The fall was more than analysts had anticipated, and even though unemployment is high, it is getting better. That being said, the May rate is still on par with that of the Great Depression which was experienced in 1929-33. Read the whole report here. 

Previous days news

Comments

    Others news
    Article
    Tips for Staffing Agencies to Create a Competitive Advantage

    Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...

    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 ...

    Tips To Help You Create A Robust Hiring Strategy For 2021

    While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...

    25+ Hiring Strategies To Help You Source Talented Candidates

    Companies have resorted to digital hiring processes to ensure health, safety, and convenience to jo ...

    Show more news