Almost 50 per cent of the US population is unemployed

Jul 01, 2020

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Considering the US population, the numbers have been very dismal, indicating that we have a very long road to recovery which will take years. As the lockdowns had a grave effect on the labor market, the share of employed people soared to a record high of 61.2 per cent early this year. To get things ...

Can a strong job market reduce racial inequality?

Jul 01, 2020

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According to US Fed CHair Jerome Powell, if the US labor market can go to back to its pre-COVID state, it could help in reducing racial inequality. Although he dodged questions about whether or not the Feds add to the issue, Powell talks about how racial disparities are a routine part of work now. ...

The blaring error in the May jobs report

Jul 01, 2020

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The nation received the news released by the Bureau of Labor Statistics with great joy as 2.5 million jobs were added to the economy in May, a figure which even the most optimistic economists hadn't predicted. Despite all the red flags, we were eager to accept this news, however, there has been a h ...

3.1 million jobs added in June

Jul 01, 2020

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Despite thousands of Americans still getting layoffs and furloughs, the labor market has truly been a paradox as the Labor Department released that a record 3.1 million jobs were added in June bringing the unemployment rate down to 12.3 per cent from 13.3 per cent. Economists predict that the road ...

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