Tag: Unemployment rate

To bring the real unemployment rate to 3.5% in the U.S., at least a $3 trillion stimulus plan is needed

  According to a report from Yahoo Finance, a study by the economic think tank Foundations Collaborative found that to reduce the actual unemployment rate in the United States to 3.5%, a stimulus plan of US$3 trillion to US$4.5 trillion is needed. At present, the latest economic stimulus package discussed by the two parties in the United States is only 908 billion US dollars, and it has not yet been passed. The conclusion of this study is based on the US unemployment rate of 13% in November. Although the official US unemployment rate for November was 6.7%, economists warned that the actual unemployment rate was much higher if one took into account the decline in the labor force participation rate since February.


UK unemployment rate continues to climb, layoffs reach record levels

On November 10, local time, the National Bureau of Statistics released the latest data. Affected by the new crown epidemic, the unemployment rate in the UK rose to 4.8%from July to September 2020, which is 0.7%higher than the previous quarter. Compared with the same period last year, it was 0.9%higher, the highest level since November 2016.


Japanese media:”No employment” economic recovery in Europe

Japanese media said that the European economy is recovering, but it still cannot contain the deterioration of the job market. Not only are companies across Europe accelerating layoffs, the unemployment rate may rise sharply after the expiration of the policies of various countries to ensure employment this fall.