US economy contracts by 33%

US economy contracts by 33%

Aug 04, 2020

371 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
    How you can pay off student debt while you work

    Student loan debt is a crisis that has been making its way through The United States for quite some ...

    A Guide for HR Professionals to Ensure Diversity and Inclusivity at Workplace

    One of the key responsibilities of HR teams is to ensure a diverse workplace and manage it effectiv ...

    Driver Jobs to Watch Out For

    If you love being on the road, if you love driving with the wind rushing through your hair, if your ...

    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