As the country combats the pandemic, millions are struggling with their employment status. There are currently more than a million people in Texas who are struggling with health care over the loss of the employment-based-insurance coverage. Many are awaiting the reopening to find jobs and regain their financial losses. Businesses are hopeful as they slowly open their doors to the public.
According to experts, COVID-19 will lead to more suffering among Latin workers because of inequality in the society molded by structural racism and low-income jobs without any chance of telework.
Manufacturing has been slow for months. Investors are closely monitoring some key points of data this week that will show how the economy is doing. The jobs report from the Labor Department is expected to show an increase in job growth, economists say.
Brazil's recession woes continue with the unemployment rate climbing to 7.6 percent in January. Statistics agency Brazilian Institute of Geography and Statistics revealed that the numbers rose from 6.9 percent in December, marking the highest unemployment rate for the month of January in seven years since 2009.
The U.S. labor market is showing no signs of slowing down as the country's employers managed to add another 292,000 jobs in December, the latest data from the U.S. Department of Labor's Bureau of Labor Statistics reveal.
The number of U.S. citizens filing for unemployment benefits is the lowest its been in 42 years The number of U. S. citizens filing for unemployment benefits is the lowest it has been in 42 years.
New applications for unemployment benefits in the United States remained near a 15-year low this week, while the average number of new claims rose 5,000 to a seasonally adjusted 267,750 over the past month, statistics from the U.S. Department of Labor revealed.
After months of historic records of employment data in the United States, the labor market noted a bit of bad news on Thursday as new applications for unemployment benefits last week recorded their largest increase in eight months, according to government statistics.
The four-week average of initial jobless claims, a less volatile measure than the weekly figure, has fallen to a historic level, clocking in at its lowest point since December 1973.
Unemployment numbers in the United States remained near a 15-year low last month even though initial jobless claims, a proxy for layoffs, increased by 10,000 to a seasonally adjusted 277,000 in the week that ended Sept. 26.
