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 »
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 »