30 million are unemployed and more pain is on the way—here are 8 numbers that sum up the destruction in the U.S. labor market: by theothersarahh
... [+]As Congressional lawmakers work to hammer out the next federal stimulus bill, a resurgence of coronavirus cases across the United States looks increasingly likely to derail a nascent economic rebound. “At this stage, you’re seeing all the wrong elements for recovery,” Gregory Daco, chief U.S. economist at Oxford Economics,. “A deteriorating health situation, a weakening labor market and a softening path for demand.
With millions of cash-strapped Americans awaiting aid, here are eight numbers that sum up the labor market right now. That’s how many people are currently receiving government unemployment benefits—about 20% of American workers. That’s the weekly federal unemployment supplement that will expire next week. Lawmakers in Washington still haven’t agreed on how to extend it, or whether to extend it at all.
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