类别:podcast / 日期:2020-06-10 / 浏览:2595 / 评论:0

The Labour Department also said in a Tuesday report that job openings plummeted and hiring all but disappeared in April.

Covid-19 fallout: US employers laid-off 7.7 million workers in April   第1张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第2张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第3张People line up outside the Utah Department of workforce Services, in Salt Lake City, Utah (USA). (Courtesy: AP Photo, File)

US employers laid-off 7.7 million workers in April — a deep the economic hole that was created by the closure of thousands of offices, restaurants, stores and schools during the pandemic.

The Labour Department also said in a Tuesday report that job openings plummeted and hiring all but disappeared in April. The number of available jobs fell 16% from March, to 5 million. Hires declined 31% to 3.5 million.

Related News
  • Covid-19 fallout: US employers laid-off 7.7 million workers in April   第4张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第5张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第6张‘Agri reforms could yield results, but there are some grey areas and concerns'
  • Covid-19 fallout: US employers laid-off 7.7 million workers in April   第7张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第8张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第9张GST Council to discuss ways to address revenue shortfall, but sweeping rate hike unlikely soon
  • Covid-19 fallout: US employers laid-off 7.7 million workers in April   第10张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第11张Covid-19 fallout: US employers laid-off 7.7 million workers in April   第12张Bamboo imports for agarbatti makers get costlier as Modi govt pushes for Atma Nirbhar Bharat

The grim April – which followed an even bleaker March with 11.5 million layoffs – suggests that the economy could take time to recover nearly a decade’s worth of gains that vanished in about 60 days. Hiring did rebound in May as 2.5 million jobs were added on net, the government said in a separate report Friday. But those gains appeared to reflect temporarily laid-off employees returning to work and increases in people with part-time jobs, rather than an economy at full throttle.

The Tuesday report shows how employers responded quickly to the pandemic by furloughing or laying off workers in March, though that slowed the following month as consumer spending appeared to bottom out and even recover slightly.

The next several months could be a challenge as monthly hiring was only at 60% of 2019’s average. There are 4.6 job openings for each unemployed worker, meaning it will likely take time for the economy to return to its pre-coronavirus health.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

打赏

感谢您的赞助~

打开支付宝扫一扫,即可进行扫码打赏哦~

 可能感兴趣的文章

评论区

发表评论 / 取消回复

必填

选填

选填

◎欢迎讨论,请在这里发表您的看法及观点。