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 U.S presidential elections nearing a close, one thing on every citizen’s mind is Jobs, employment, and the economy. Whoever comes into power has a massive challenge against him to get the economy and job market back on track so that the people of the country don’t face any more turmoil in these uncertain times. .... 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 »
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 »
The economy of the United States has remained steady over the past year. However, the outbreak of the Coronavirus disease has seen severe repercussions for the American Job Market. One of the industries severely hit by the outbreak is the oil industry. Oil and natural gas producers have taken a hit over the last year due.... Read more »
To spell it out in his own words, President Trump tweeted, “In many ways, this is the greatest economy in the HISTORY of America.” This poses a question of whether the economy is doing exceptionally well post the Obama administration. This is based on the big difference between the level of economic performance and the direction of change in the economy based on.... Read more »
April marks the lowest number of jobless claims and this means that those claiming new unemployment has never been this low. With the initial jobless claims decreasing by 9,000 against a proxy of layoffs in the US that was adjusted to 233,000 in the w.... Read more »
A nation’s economy is its backbone, having an immediate as well as a lasting impact on pretty much every single citizen. The need to want the country’s economy to grow and flourish – to want the currency to hold its position globally, to keep import and export healthy and financially viable, to strive for employment for all and to have a yearly budget that loo.... Read more »