In April, the employment-to-population ratio — the percentage of those above 16 who currently have a job — fell to an all-time low of 51.3%. That means only half of working-age Americans are currently employed.
The US economy added 2.5 million jobs in May, and economists expect Thursday's jobs report to show it added another 3 million in June. That's still a long way off from recovering the 20.5 million jobs lost in April. The coronavirus pandemic devastated the US labor market, pushing unemployment up to highs not seen since the Great Depression by putting millions of Americans out of work.
Even as the US economy reopens and people go back to work, there's a long road ahead for the recovery, according to Torsten Slok, chief economist at Deutsche Bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US banks seek guidance on PPP loan forgiveness - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. fiverr com/s2/1800e25d03
Source: BusinessInsider - 🏆 729. / 51 Read more »
New Yorkers who visit high-risk states will lose paid COVID-19 sick leave - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Wow Make sense.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I quit my job during COVID-19 to start my own company — here's how - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. TheProfile The people who decide how much we earn are the ones who must pay us and thats been a big problem... companies and jndustries collude to fix wages as low as they can pocket millions let workers go into debt. Wages must be fixed by govt by job classification TheProfile Tuan johardyibrahim - good read 👍 TheProfile 'Focus on something bigger than yourself'. Great thought, I believe this is the key to thrive and to succed.
Source: BusinessInsider - 🏆 729. / 51 Read more »
America's education system needs a pandemic bailout - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. JoseFerreiraEDU No it does not... we are number one in $$$ spent per student.. Find the $$ leak JoseFerreiraEDU It needs restructuring as apart from STEM it’s pretty much unfit for purpose using edu tech which is at least 200 years old JoseFerreiraEDU They can’t test the kids and the isolate them except for school?
Source: BusinessInsider - 🏆 729. / 51 Read more »