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The release of the Employment Situation, October 2020, has good news for all Americans as the US unemployment rate dropped to 6.9%. There was a decrease in the unemployment rate across all worker groups and a fall in the number of people temporarily laid off, but the number of permanently laid-off workers has not dropped.
As a sector dominated by gig workers and contractors, unemployment in arts, entertainment and recreation sector has been drastic, next only to the accommodation and food services sector in scale. Sub-sectors include performing arts, museums, theatres, amusement parks, gambling arcades, stage shows, fitness centers, spectator sports, etc. The movie industry also .... Read more »
The global economic shutdown following the Coronavirus pandemic began with a lot of speculation and fear over the prospective job losses. Three weeks on we have a clearer picture of what is happening and what the future will need in terms of bouncing back from the economic impact. We will take a brief look at how unemployment due to coronavirus is faring and what th.... Read more »
Due to the devastating effects of COVID-19, the nonfarm payroll fell by 701,000 in March and, the unemployment rate spiked up to 4.4%. It is the first decline in payroll since September 2010. March saw the unemployment percentage increase by 0.9%, which is the highest over the month increase since January 1975. March also .... Read more »
February saw a very slight change in the number of unemployed people as compared to the previous month. It currently stands at 5.8 million. Total nonfarm payroll in February rose by 273,000. This is a notable increase as compared to January. The unemployment rate stands at 3.5%, having dropped by 0.1% from January.
A lot of companies now days are incorporating pre-employment drug testing. A pre-employment drug is that before a potential candidate joins a company, a test is conducted on him/her to see whether the candidate is a drug user. If the candidate tests positive for drugs, there is a good chance he/she will be rejected by the company. Read more »
According to the U.S. Bureau of Labor Statistics, there was a slight change in the October unemployment rate which currently stands at 3.6 percent. October saw a pick up in monthly earnings which rose to 0.1% Read more »
When it comes to the unemployment rate in America, it is based on the percentage of the total unemployed labor force throughout the country. This helps in reviewing the country’s economy through the years. With this, we understand that unemployment rises during recessions and falls on the rebound. You should know that unemployment declined during the 5 US wars and.... Read more »