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

It’s no secret that the healthcare sector has been reigning in all its powers over the years, parti ...Read more

If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...Read more

In the United States of America to operate any type of large automobile, you need a license. This i ...Read more

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more