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Showing results for tags 'unemployment rate'.
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https://www.marketwatch.com/story/us-jobless-claims-climb-38-million-in-late-april-to-push-coronavirus-total-to-30-million-2020-04-30?mod=article_inline It seems as if everyone believes that all these jobs are still there waiting for everyone to return. The big question is what % of these jobs have vanished forever or been replaced by efficiencies or permanent changes in behavior? Another point is that these numbers do not represent ALL of the unemployed. Evidently many cannot get in to actually apply or even worse are not eligible for some technicality.
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The U.S. economy added over 200,000 jobs last month, dropping that country's unemployment rate to match a previous 16-year low at 4.3%. Wage growth remained below the Federal Reserve Board's target of 3.5%.
