3 reasons before today’s celebrations amazing job numbers on the break

3 reasons before today’s celebrations amazing job numbers on the break

Today, at first glance, let us jobs seems a much needed dose of good news, when everything else is more or less inflamed unemployment from 14.7% to 13.3% in May, the economy fell earned 2.5 million jobs; Economists have had to increase the expected rate of as much as 20%. Any fall in unemployment is of course a welcome development. But there are at least three main reasons why we should stop before taking the champagne on Friday cracked employment data. First, and in view of the ongoing protests over justice and equality at saliently, this recovery is not felt evenly across demographic groups. While the overall unemployment rate is falling, it is still rising in some groups, including American blacks. While unemployment for white Americans has fallen from 14.2% in April to 12.4% in May, the rate for blacks Americans was up slightly from 16.7% to 16.8%: the second, while the percentage change from looking good, the reality is that there are still 21 million Americans out of work, and perhaps more than the official data on unemployment actually never show the whole picture. Thinking about these just in terms of percentage change, and not in absolute figures mask the pain that so many American families feel before. In addition, there is the risk that a slight decrease in the unemployment rate in Washington legislators cover to give much needed additional relief for the millions of Americans still avoid the finished work. Unemployment benefits extended, for example, expire at the end of next month, and there is little to suggest so far that they are extended. Finally, the jobs they do return are likely this is because some states or end its lockdowns crown cuts are going back to work those dismissed sense. “The number of unemployed who were laid off in May from 2.7 million to 15.3 million, a strong increase of 16.2 million decreased in April after” reads RELEASE BLS to accompany the report, but it was no significant change in the fight against the virus there is no vaccine, no cure and only limited information about possible treatments. If the cases were reopened and peak a few weeks later, more closures may be necessary to put back into the nightmare of unemployment for the last weeks we have to live for – in fact, we are already the first signs of these peaks can be seen in some States. Make no mistake: About their work is again good news. But the numbers only celebrate the title with no data on the test base is a failure
Picture Copyright by David L. Ryan -. The Boston Globe / Getty Images