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Tag Archives: Unemployment coronavirus

Goldman Says Almost a Quarter of Temporary Virus Layoffs in U.S. to Be Permanent

People wait in line for help with unemployment benefits

BLOOMBERG, AUGUST 22, 2020 Joblessness to linger well into 2021 for many, economist says | Rehiring prospects for temporarily laid off worsened in July By Reade Pickert for Bloomberg – The rehiring of temporarily laid-off workers will continue to bolster the U.S. labor market’s recovery in the months ahead, but Goldman Sachs Group Inc. expects almost a quarter of those layoffs to become permanent. …

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U.S. Worse Off Than Russia, Mexico in 2020 Economic Misery Ranking – Bloomberg

People wait in line to get groceries at a pop-up food pantry

BLOOMBERG, AUGUST 6, 2020 China improves as Covid-19 modestly impacts 2020 forecast | Venezuela, Argentina and South Africa top the misery list By Catarina Saraiva and Michelle Jamrisko for Bloomberg – The U.S. is projected to see the worst reversal of fortune this year in a ranking of global economic misery, underscoring just how much havoc the pandemic has wrought. America fell 25 …

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The worst over? U.S. labor market unexpectedly improves in May

A man speaks with a library worker after receiving an unemployment form

REUTERS, JUNE 5, 2020 WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long. The Labor Department’s closely watched employment report on Friday also showed the jobless …

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Goldman Sachs predicts record 2.25 million unemployment claims filed this week

Image of an invesment bank computer screen with the company logo Goldman Sachs visible on right

PortandTerminal.com, March 20, 2020 Goldman Sachs is forecasting that 2.25 million Americans filed for their first week of unemployment benefits this week — eight times the number of people who filed last week and the highest level on record NEW YORK CITY – Investment bank Goldman Sachs’ economists have published a grim update yesterday on the number of people in …

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