US economy contracts by 33%

US economy contracts by 33%

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.


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

Articles

However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...Read more

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

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

If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...Read more