12-11-2021 10:05 AM | Source: IANS
17mn US workers hit by Covid-triggered economic setback
Nearly 17 million US workers lost their jobs or saw their wages decline since the onset of the Covid-19 pandemic in early 2020, a report said.
This is the figure as of October this year, Xinhua news agency quoted the report published by the Ascent, a website focused on financial services, using data from the Washington-based think tank Economic Policy Institute.
Among those people who had suffered some sort of economic setback resulting from the pandemic, 7.4 million were, at some point, officially unemployed, while 2.9 million were unemployed in practice but were misclassified as employed or not in the labour force, said the article.
In April, 2020, the unemployment rate in the US reached its highest level on record, it added.
Latest News
Rajkummar Rao, Janhvi Kapoor, director Sharan Sharma...
Isha Ambani encourages young girls to lead in scienc...
Address by RIL Director Ms. Isha M. Ambani at the op...
J&K: Women in remote areas of Rajouri earning liveli...
Quote On Post Election Impact on the Indian Markets ...
Chandrababu Naidu offers prayers at Ambabai Temple i...
Buy Gold Above 73300 SL BELOW 73000 TGT 73700/74000-...
iQOO launches new smartphone with 6,000mAh battery i...
Sensex surges 676 points on expectations of rate cuts
iQOO launches new smartphone with 6,000mAh battery i...