• About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us
Assamese |   Bengali |  
Sunday, January 24, 2021
NORTHEAST NOW
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
NORTHEAST NOW
Assamese
Home Top News

Coronavirus impact: 7 lakh people lose job in 14 days in US, worst yet to come

NE NOW NEWS by NE NOW NEWS
NEW DELHI , April 4, 2020 6:31 pm
US tariff

US President Donald Trump

Share on FacebookShare on Twitter

Employers in US have cut over 7 lakh jobs in the first two weeks of March after they faced massive profit due to coronavirus pandemic.

Most of the job losses were reported from restaurants and bars, followed by retailers. It was the first decline in payrolls since September 2010, CNBC reported.

The unemployment rate rose to 4.4 per cent – from 3.5 per cent — the first job decline in a decade, the US Bureau of Labor Statistics reported on Friday.

The Labor report, however, doesn’t capture “the nearly 10 million laid-off and furloughed Americans who filed initial jobless claims in the past two weeks as much of the nation’s economy was shut down to contain the spread of the virus”.

According to a USA Today report, that’s because Labor’s survey was conducted the week ending March 14, before most states ordered residents to stay at home and nonessential businesses — such as restaurants, movie theaters and most stores — to close.

It means the job loss numbers for March will actually be way high.

The US Labor Department on Thursday revealed that another 6.6 million workers filed jobless claims last week.

“The report does capture the first stumble in the economy’s historic free fall. The number of workers filing initial jobless claims rose by 70,000 — the most since 2013 — to 282,000 in the week of Labor’s survey”.

The April jobs report, which won’t be released until May 8, could include the nearly 10 million Americans who filed for first-time unemployment benefits as the pandemic forced businesses to close and people to stay at home, CNN reported.

Job losses over the next few weeks will come from a wider range of sectors, according to Daniel Zhao, senior economist at careers website Glassdoor.

“White collar jobs are not safe from this,” Zhao was quoted as saying.

“If this is an indication of what was happening before the full force of the crisis hit, then it will be hard to come up with the words to describe the numbers in future months,” added Nick Bunker, economic research director at job search site Indeed.

By comparison, it took about two years for the US economy to lose nearly nine million jobs during the Great Recession.

Tripura: Left Front-backed AIKSCC takes out rally in support of farmers’ protest in Agartala

Tripura: Left Front-backed AIKSCC takes out rally in support of farmers’ protest in Agartala

FAU-G to launch on Republic Day, know more about the game here

FAU-G to launch on Republic Day, know more about the game here

Nagaland: 2 NSCN cadres held with arms in Dimapur

Nagaland: 2 NSCN cadres held with arms in Dimapur

Assam: AASU stages sit-in demonstration donning black badges during PM Narendra Modi’s visit

Assam: AASU stages sit-in demonstration donning black badges during PM Narendra Modi’s visit

NORTHEAST NOW

Northeast Now is a multi-app based hyper-regional bilingual news portal. Led by a group of professionals, the digital news platform covers every inch of the eight states of northeast India and the five neighbouring countries. It is the first of its kind new media initiative in the northeast, and is based in Guwahati. As the political dynamics in the northeast is intricate and fluid, Northeast Now is always politically neutral.

 
Our Properties
 
  • NORTHEAST NOW ASSAMESE
  • NORTHEAST JOBS
  • NORTHEAST TENDERS
  • INNFINITY
  • About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd

No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd