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pandemicUnemploymentAssistanceProgram

By Masao Suzuki

San José, CA – On Friday, May 7, the U.S. Department of Labor reported that businesses added 266,000 workers. This was only one-quarter of the additional 1 million jobs that economists had predicted. This left the economy down more than 8 million jobs from February of 2020, right before the economic crisis started. At the current rate it will take the economy more than two and half years to gain back the lost jobs Women have been harder hit by the recession, and the gap with men widened in April as all of the net new jobs went to men.

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By Masao Suzuki

San José, CA – On Friday, May 7, the U.S. Department of Labor reported that businesses added 266,000 workers. This was only one-quarter of the additional 1 million jobs that economists had predicted. This left the economy down more than 8 million jobs from February of 2020, right before the economic crisis started. At the current rate it will take the economy more than two and half years to gain back the lost jobs Women have been harder hit by the recession, and the gap with men widened in April as all of the net new jobs went to men.

Read more...