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A group of economists declared Monday that the longest expansion on record has ended.
Businesses that received CARES Act loans had to rehire workers to have those loans forgiven. But what happens next for America’s job market?
The S&P 500 was up 2.2% after the government said that U.S. employers added 2.5 million workers to their payrolls last month.
Black Americans tend to work in the jobs most affected by the coronavirus shutdowns and are less likely to be able to work from home.
April figures show communities that rely on manufacturing are also hurt by job losses, but they may see improvement more quickly.
Almost 469,000 workers in K-12 public education lost a job in just the month of April.
Rehiring may be offsetting some of the layoffs, but unemployment is still excessively high.
“I’d say that unemployment stands at over 60%, and that was before the virus,” said Craig Falcon.
From taking a position at an Amazon warehouse, to interviewing in a face mask, to onboarding over Zoom, a survey of how people are finding and maintaining new jobs.
A group of ride share drivers have sued New York over unemployment hold ups.