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.
The novel coronavirus has posed the US government with a dreadful conundrum- save the economy or save lives? It's a chicken and egg situation. The social distancing and the resultant economic slowdown, spiking unemployment and poverty will endanger people. Without these measures, lives will be lost due to disease and co-morbidities. This begs the question: how is .... 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.
Job seekers with a disability find it quite challenging to get suitable opportunities to their liking. To overcome this, candidates with disabilities need to highlight their relevant skills to potential employers asserting they are well-suited for the job. The key is not to be self-conscious about your perceived weaknesses and show the hiring manager why you are bes.... Read more »
Employment is undoubtedly essential for meeting one's basic requirements. It promotes self-esteem, self-realization, and satisfies creative urges. Conversely, unemployment has adverse effects on mental health. Read on to know more about how unemployment and mental health are interconnected. According to statistics, the une.... Read more »
Being a stay-at-home-parent is not an easy task for anyone. You have to manage your kids, family life and finances. Here’s where stay at home jobs come in. The trick is to find the right job to balance your household duties and find time to enjoy your work. A stay-at-home job will help you manage your finances better, pl.... Read more »
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 »
The employment situation in June has shown promise in creating opportunities and increasing wage growth. The performance by the US economy has exceeded the expectations as it added nearly 224,000 jobs, thus providing more opportunities against the market expectations of 162,000 jobs. The employment situation in June, th.... Read more »
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 »