Skip to content
Northwest Trail

Northwest Trail

  • Congress Wins All 3 Seats In Rajasthan By Elections News
  • Listed Options Trading In Australia
    Everything You Need To Know About Listed Options Trading In Australia Technology
  • Palantir Lifted Additional $20 Million Business
  • According to a research, children who are permitted to watch a lot of television are more likely to be misbehaved Health
  • Global Automotive Composite Market
    Global Automotive Composite Market Insights Report 2022-2028 Automobile
  • WHO Chief Warns About Coronavirus Cases Outside China News
  • Fillcon benefits from both new and returning customers Business
  • The legacy of coronavirus looking like it is going to be there for ages Business

Uncertainty still exists over the coronavirus impact on unemployment

Posted on March 28, 2020 By MartinSmith

The course of the pandemic that is coronavirus is still unpredictable and the forecasters have been using their models for the making a few guesses about exactly how bad the damage is going to be. The forecasts can be summed in one word, threatening.

The experts have expected that the economy is going to shrink at a level of 12% while there have been some like Goldman Sachs who have predicted that the economy between April and June is going to go down by a mammoth 24%.

See also  General Atomics' Acquisitions of Smallsat Business Paying Off

In comparison, the worst quarter of the 2008 recession had been the last quarter of 2008 where the economy had shrank by a level of 8.4% in one quarter. The records are only there till 1940s so they do not cover the Great Depression.

The first signal had come this Thursday when the department had reported for the first time a sharp jump in the claims for the employment benefits. This is looking miniscule to what is being expected for the coming week when the complete effect of the orders is going to be witnessed by the Americans all over the country as the lockdowns are imposed and data is going to show.

See also  A travel planning app developed by Google has been shut down

As the retailers, restaurants and the other places where people gather begin to close their doors or shift their operations, there may be a surge in the unemployment which may be growing by a level of 2 million in one week. The margin of error though at this moment is very uncertain and the number may well be a lot higher as per the experts. The annual rate in the coming months is going to be 10% which has been seen as optimistic.

See also  Regulator in UK Floki Inu crypto broke the law

###

News, Uncategorized Tags:Uncertainty still exists over the coronavirus impact on unemploymentv

Post navigation

Previous Post: Trump administration soliciting the tariffs imposed on Chinese goods
Next Post: Unemployment numbers outpacing the government efforts

Related Posts

  • Alongside its competitors, Qualcomm is interested in purchasing a stake in Arm Business
  • Fillcon benefits from both new and returning customers Business
  • Solid Life Insurance Advice to Help You Protect Your Family Finance
  • How to be ML research scientist in the task-oriented dialogue News
  • Mococa Produtos Alimentícios, a Brazilian dairy brand, invested in SIG’s PAC. Trust operational digitisation Business
  • Microbes that eat seaweed were used to create sustainable plastics News
  • Automobile
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Internet
  • News
  • Sports
  • Technology
  • Uncategorized
  • Licorice Extract Market: Growth Factors, Industry Trends and Forecast 2023
  • Tangential flow filtration (TFF): Market Drivers And Opportunities 2023-2030
  • The Future of Business: How Quantum Computing is Transforming Industries
  • Exploring the Rapidly Growing Market for Maracuja Oil
  • Cyber-Physical Systems Market Analysis 2022-2030
  • Data Science: A Field To Choose Or Lose? Education
  • Finally The Wait for The Second Terminal For Mumbai is Over News
  • Researchers have discovered a new additive material that might one day make fuel cell powered vehicles a reality Business
  • Trump administration soliciting the tariffs imposed on Chinese goods News
  • The APAC Private Finance Group at Barings has grown significantly Business
  • mAadhaar App For iOS To Roll Out Soon Technology
  • Carbon emissions might be reduced by using a new magnetic material in refrigerators Business
  • Consumers are willing to spend extra for sustainable products, according to a new study by Eviosys News

Copyright © 2023 Northwest Trail.

Powered by PressBook News WordPress theme