Maintaining Business Relations
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Business Ideas Article
The U.S. economy actually lost jobs in March, after a decade of gains, and the employment situation will likely only get bleaker as the nation remains closed for business to stem the spread of the deadly new coronavirus.
“I mean, it is just so heartbreaking, this data,” KPMG’s chief economist, Constance Hunter, told Yahoo Finance’s “On The Move” on Friday. “What is so especially sad about this is, once workers become separated from their employers, it makes it much harder to restart the economy.”
She added, “We have more social safety nets in place than during the Great Depression, but this is way worse than anything we saw during the Great Depression.”
The jobs report — which showed over 700,000 job losses and an unemployment rate that jumped from 3.5% to 4.4% — does not begin to encapsulate the effects of the pandemic because it only extends through March 12,
The week ending March 28 saw unemployment claims shatter expectations with 6.6 million workers filing for benefits amid the coronavirus crisis.Under the recently signed CARES Act, gig workers, or independent contractors, are eligible for unemployment benefits for the...
Our country is in crisis. In the United States alone, thousands of people have already lost their lives to the coronavirus and millions more are at risk. At the federal, state, and local levels, the government has taken dramatic action to stop the spread of this...