BLS releases the impact of COVID-19 on employment for June 2020
The BLS released an announcement regarding the improvement in the labor market data. The announcement also covers the effects of the economic activity which contracted in March and April. Take a look at the report here. ...
Understanding the June jobs report
According to the BLS report for June, there was considerable improvement in many aspects of the economy, surveys of employers showing payrolls were up by 4.8 million, and there were job gains even in the hardest of industries like hospitality and tourism. Read about the implications and get a holis ...
Why we need to proceed with caution when it comes to job market data
Despite the data for June is far better than what was expected and predicted by economists, we need to proceed with caution when it comes to the labor market because there is still a lot of inequality and unemployment gripping the nation. Despite two months of rampant growth in June and May, we are ...
How the pandemic is reshaping the job market
Data reveals that job loss and furloughs may not be the only implications of the pandemic on the economy. Jobs in the fields of travel seem to be contracting at a tremendous rate. Uber drivers, flight attendants and chefs have witnesses the highest slumps in hiring. Take a look at the effects here. ...
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