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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.
With the Coronavirus pandemic spreading rapidly across the United States, businesses continue to shutter, causing millions to lose their jobs. As per the latest reports, the unemployment rate has reached 11%, and nearly 26.4 million people have filed for unemployment insurance benefits. Big companies like JCPenny, Under Armour, etc. have begun furloughing their empl.... Read more »
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 »
Its been a while since unemployment benefits were extended to cover a wider range of unemployed people. So far some states have been quick to keep their labor websites updated with the progress while others are reportedly slow on keeping UI applicants informed. In this article, we shall su.... 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 »
Retail Trade is a significant sector in the modern economy. It employs a large number of people across various verticals from food to fashion. The market has players as big as Amazon to small neighborhood artisanal stores. You’d expect retail trade to be hit badly by the coronavirus, but there is a mixed record. What is the unemployment in retail trade looking lik.... Read more »
The Families First Coronavirus Response Act and the Coronavirus Aid Relief and Economic Security Act mandated paid sick leave to protect workers suffering from COVID-19 or with family laid up due to the spreading pandemic. If you cannot avail paid sick leave, be sure to apply for unemploym.... Read more »
Yes, you read that right. We are all well aware of the importance of healthcare professionals at this crucial time. We read about the admirable efforts of frontline doctors, nurses, administrative staff, etc in handling the burden of patients. They are out there risking their health for our benefit. And yet, Read more »
Transportation and Warehousing are one of the most important employers in the US. After the worldwide air travel restrictions imposed in the wake of the coronavirus pandemic, this sub-sector made headlines with job losses and furloughs. Let’s look broadly at unemployment in transportation and warehousing and the likely trends for the future.
The latest report from the Department of Labor for the week from March 21-28 is just in. The unemployment claim numbers are at an all-time high for the second week running at 6,648,000 seasonally adjusted initial claims. The labor department reports that most states attribute these numbers to layoffs led by the accommodation and food services sector.