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

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. 

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Articles

This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...Read more

When people are looking frantically for employment, scammers get a chance to exploit their weakness ...Read more

The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...Read more

While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...Read more