DJIA25827.36
LIVE92.39(0.36%)
NDX10341.89
LIVE0(0.00%)

The US Economy Has Now Erased All Job Gains since The Great Recession


Thursday, 23 April 2020 19:56 WIB

Klaim pengangguran ASJobless ClaimUS Jobless Claims


c_740_198_16777215_00_images_assets_EKONOMI3_JOBLESS-KLAIM.jpeg

It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years.

The coronavirus and forced business closures throughout the U.S. again buoyed the number of Americans applying for state unemployment benefits, which last week totaled 4.427 million, the Labor Department reported Thursday.

Combined with the four prior jobless claims reports, the number of Americans who have filed for unemployment over the previous five weeks is 26.45 million. That number exceeds the 22.442 million jobs added to nonfarm payrolls since November 2009, when the U.S. economy began to add jobs back to the economy after the Great Recession.

The rapid nature of the job losses will be unprecedented, wiping out more than a decade’s worth of job gains in five weeks.

Investors won't receive the official look at the U.S. unemployment rate for the month of April until May 8. But the Labor Department's latest nonfarm payrolls report for March showed droves of layoffs at restaurants and bars as some state governments force the closure of the majority of their businesses.

The March nonfarm report showed payrolls plunged by 701,000 last month, marking the first decline since 2010 and the worst fall since March 2009. The unemployment rate jumped nearly a full percentage point to 4.4% from 3.5%.

Source : CNBC


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.