Why we need to proceed with caution when it comes to job market data

Why we need to proceed with caution when it comes to job market data

Jul 06, 2020

311 Views

0 comments

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 still down nearly 14.7 million jobs since February alone. Despite the unemployment rate coming down, it is still higher than the Great Recession. 

Previous days news

Comments

    Others news
    Article
    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 ...

    Gig Economy and Its Impact on Staffing Firms

    With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...

    With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?

    Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...

    The Interviewer's Guide to Conducting Phone Interviews

    The job market in the US is slowly gaining traction after the long period of gloom that took the un ...

    Show more news