Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorized
  2. c-icon icon-chevron-right
October 9, 2020

Unemployment still rising in US

By Paul Dennis

9 October

The US economy showed some signs of recovery in the third quarter of 2020 but unemployment claims continue to remain above pre-pandemic levels.

Layoffs are expected to rise over the next few months hampering recovery.

Ben Casselman, economics/business/data reporter for the New York Times, shared an article on applications for unemployment benefits continuing to remain high in the US.

More than 800,000 people filed for new claims in the last week, according to the US Labour Department.

Further, 464,000 people filed applications for benefits under the federal Pandemic Unemployment Assistance programme.

Content from our partners
Africa’s last mile: Building viable vaccine supply chains
Why this global life sciences COO believes relocation to Charleston, SC, was key to achieving next-level success
Patient-centric pharma logistics: How CRYOPDP delivers hope worldwide

The article noted that the level of claims is still very high indicating a slowdown in recovery.

Experts opine that without additional aid, layoffs will rise even as millions of workers who lost their jobs early in the pandemic still remain unemployed.

Read more

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Key drug pipeline and competitive landscape changes based on the latest clinical activity, sent every Tuesday. Curated analysis and data-driven insights on clinical trials strategy and operations, sent every Thursday. The pharmaceutical industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU