'The silver lining': 72% of jobs lost in April could soon return as the economy reopens - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.A majority of workers in Friday's April jobs report are classified as unemployed on temporary layoff, which could be a good sign as state economies slowly reopen.

Still, the number is a "very cautious and conditional glimmer of hope," Nick Bunker, an economist at Indeed, told Business Insider, because what's temporary could become permanent. The April jobs report released by the Labor Department Friday showed thatas the coronavirus pandemic continued to slam the US economy.

Within the report's household survey, employment contracted by 22.3 million, and the number of people classified as unemployed on temporary layoff increased by 16.2 million — 72% of net jobs lost, according to Bank of America.

You're messing with the fear-mongering tweets tho

Wrong. Most of them won't want to go back to work. Why should they when bloated unemployment benefits pay them more?!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PHOTOS: Look inside Tennessee, one of the first states to reopen - Business InsiderTennessee is one of the first states to reopen during the coronavirus pandemic. Here's what life is like in my home state, which had crowded checkout lines at the grocery store even at the height of social distancing. Remove negative people from your life. The people you spend time with influence your attitude, thoughts and success more than you think. As lo g as Ppl wear masks, U should B okay. Getting black Ppl 2 wear them is the 50k $ question.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trucking 'bloodbath': 88,300 truck drivers lost their jobs in April - Business InsiderThe April jobs report revealed that the US lost a record 20.5 million jobs. Truck drivers saw record losses, too. 😟 All it seems now is that many Job Records are going to be thwarted! But why, aren’t people need more delivers and goods movements during the virus outbreak ?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Today's Headlines: Back to business, not as usualCalifornia businesses may begin reopening soon, but in a very different landscape.
Source: latimes - 🏆 11. / 82 Read more »