Tag
The tepid increase followed a decline of 227,000 jobs in December, the first loss since April.
The latest COVID relief package will have a positive effect on the economy as soon as this month.
No state lets people stay on unemployment benefits for more than 26 weeks.
In parts of the South Bronx, the unemployment rate was estimated to be nearly 30% in August. Nationwide, it’s a little less than 8%.
The jobs created in September obscure the fact that thousands were lost permanently and millions of people have stopped looking for work.
America’s employers added 661,000 jobs in September, the third straight month of slower hiring.
Employment remains below pre-pandemic levels, and as recently reopened businesses re-close, more job losses are on the way.
But the central bank is putting a stop to share buybacks and limiting bank dividends.
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
Some have lost jobs since the April survey, others may not be counted as unemployed because they are not actively seeking work.
