The Employment Situation – October 2020
Even as the United States continues to witness significant spread in the Coronavirus cases, October’s economic growth was better than expected. According to the reports of the U.S. Bureau of Labor Statistics, the total nonfarm payrolls increased by 638,000 in October, and the unemployment rate declined to 6.9%. This indicates that the U.S. labor market is reopening, and the economy is reaching the pre-COVID level. Major Ups and Down In … Read more