Among the many crises precipitated by the COVID-19 pandemic, the economic collapse and the resultant massive unemployment are uppermost among the public's minds. The unemployment rate soared to 14.7% in May 2020 from below 3% in December 2019. As jobs have been a much-discussed issue even before the pandemic struck, everyone is wondering what the unemployment rate does not tell you. .... 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 »
The November employment report states that the total nonfarm payroll increased by 266,000. In comparison to October, the nonfarm pay has seen a significant increase. There is a slight change in the unemployment rate, which currently stands at 3.5%, according to the Read more »
As per the employment situation report for September, the unemployment rate is reduced by 0.2 percentage points to reach 3.5 percent. With this, the unemployment rate is said to have reached a 50-year low, matching the figures of December 1969.
It's a great time to be in the job market. America has the lowest unemployment rate at 4.1 percent which is the lowest its been in 17 years. There is a 4 percent increase in hires since the previous graduating class. For job seekers, there is a good chance of feeling optimistic. Job creation was a whole 6 percent lower in 20.... Read more »