150,239,000: The Number of Employed Americans Rises for 10th Straight Month cnsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnsnews.com Daily Mail and Mail on Sunday newspapers.
The unemployment rate in December fell in both the Washington and Baltimore metropolitan areas.
The Labor Department’s Bureau of Labor Statistics says the unemployment rate in the D.C. metro region was 5.6% in December, down from 5.8% in November. A year earlier, the D.C. metro’s unemployment rate was just 2.6%.
In Baltimore, the metro area’s unemployment rate was 6% in December, down from 6.1% in November, but double the 3% unemployment rate in Dec. 2019.
The unemployment rates are not seasonally adjusted.
Unemployment rates were higher than a year earlier in 379 of the 389 metro areas tracked in BLS data.
Among large cities with a population of 1 million or more people, Las Vegas and Detroit had the highest unemployment rates last month, at 10.4% and 10.1% respectively. Birmingham, Alabama and Salt Lake City tied for the lowest metro unemployment rate last month at 3.5%.
Initial unemployment claims in the US soared to 965,000 last week, indicating severe disruption to the labor market recovery by Covid-19 spikes, according to the government.In the week ending January 9, the number of Americans filing for .
US employers slashed 140,000 jobs in December 2020, the first monthly decline in employment since April 2020, as recent Covid-19 spikes have stalled the recovery of the labour market, an official report said."The decline in payroll .
India not the only country battling job losses, here are other economies with same dilemma
Economists are optimistic employment will rebound in the coming months amid expectations for increased inoculations and additional fiscal stimulus.
DNA Web Team
Jan 9, 2021, 10:23 PM IST
The US economy saw loss of jobs for the first time in eight months, in December, as the country was severely affected by the COVID-19 pandemic. Nearly $900 billion in additional pandemic relief approved by the government in late December will probably provide a backstop.
Payrolls decreased by 140,000 jobs last month, the first decline since April, after increasing by 336,000 in November. The economy ended 2020 with 9.4 million fewer jobs. The economy has recovered 12.4 million of the 22.2 million jobs lost during the pandemic.