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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 »
There is little doubt that coronavirus has taken the world by storm. With West Virginia reporting a confirmed case, all 50 states in the United States are now affected by the coronavirus pandemic. The deadly virus is not only lead to the shutdown of the states and assaulted the U.S. economy but also increased the unemployment rate. For those losing employment through no fault of their own, filing .... 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
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.
The employment situation for the month of May has steadfastly maintained the growth achieved in the month of April. The unemployment rate has remained at 3.6 percent, which still remains to be the lowest rate in the last 50 years. The month of May will be the record 15th month to witness the rate of unemployment grow und.... Read more »
The rate of unemployment in the United States reached a record low by the end of April, which is said to have the lowest rate of unemployment in the last 50 years. The unemployment rate dropped to 3.6%, and the month of April will be the 14th consecutive month to record an unemployment rate below 4 percent. While the drop in the rate of unemploy.... Read more »
The Unemployment rate in the United States remains unchanged at 3.9% while the total nonfarm payroll employment increased by 201,000 in the month of August. The US Bureau of Labor Statistics in their monthly report state that job gains occurred in professional and business services, wholesale trade, health care, transportation and warehousing and mining industries.<.... Read more »
July 2018 saw the unemployment rate edge down to 3.9% from June’s 4.0%. The number of unemployed decreased by 284,000 to 6.3 million in the month of July. In both cases, numbers were down over the year by 0.4% and 676,000 numerically. In terms of the major working groups, the unemployment rate for adult men and whites both.... Read more »
President Donald Trump broke protocol and tweeted that there was a positive job report with the lowest unemployment. However, the current Federal Rule states that the executive branch employees are required not to comment on major economic reports. This jobs report is usually kept under wraps till the Labor Department publishes it at 8:30 am. Here investors can misuse this data before it become.... Read more »