US economy contracts by 33%

US economy contracts by 33%

Aug 04, 2020

380 Views

0 comments

The US economy has contracted by a whopping 33 per cent annual rate in the April-June quarter, which has been the worst drop ever. This dismal performance is attributed to the viral outbreak which leads to the shutting down of businesses and tens of millions of layoffs with unemployment rising to 14.7 per cent. Take a look at the data here.

Previous days news

Comments

    Article
    Return to Office: Tips to cope with Change

    The past two years have been a roller coaster ride, we’ve all acclimatized ourselves with the work ...

    You Think You Have Earned It? Here is How to Ask for a Promotion

    Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...

    Hiring Secrets of The Most Successful Companies

    A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...

    Top paying Careers in 2021

    The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...

    Show more news