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-Despite Biden’s Win, More Americans Are Unemployed Than Ever

The U.S. Bureau of Labor Statistics released its latest jobs report on Friday, and the news was not good. The economy lost 140,000 jobs in December, and the unemployment rate rose to 6.7%. This marks the first time since the Great Recession that the unemployment rate has been this high.

This is a very disappointing report, and it underscores the need for Congress to pass a stimulus package as soon as possible. The pandemic has caused a lot of damage to the economy, and we need to get people back to work.

There are a lot of factors that contributed to the jobs report. The pandemic, of course, is the main one. Many businesses have been forced to close their doors, and there are still a lot of people who are afraid to go out and shop. The holiday season is typically a time when many businesses hire extra workers, but that didn’t happen this year.

Another factor is the expiration of enhanced unemployment benefits. These benefits were put in place earlier this year to help people who had lost their jobs due to the pandemic. But they expired at the end of November, and there is no word on when they will be reinstated. This has put a lot of people in a very difficult situation.

The good news is that President-elect Biden has said that one of his first priorities will be to pass a stimulus package. This will provide much-needed relief to businesses and workers alike. Let’s hope that Congress can come together and get this done quickly.

-The U.S. unemployment rate fell to 6.7% in November, but that’s only because more people stopped looking for work.

It’s been a rough year for the U.S. economy. The unemployment rate has been hovering around 7% for most of the year, and it’s only now starting to come down. In November, the unemployment rate fell to 6.7%, but that’s only because more people stopped looking for work.

The number of people actively looking for work has been falling for months, and it’s now at its lowest level since 2014. That’s partly because people are getting discouraged and giving up on finding a job. But it’s also because baby boomers are retiring in droves, and fewer people are entering the workforce to replace them.

The falling labor force participation rate is a big worry for the economy. It means that there are fewer people available to work, which could lead to slower economic growth. It also means that there are fewer people paying into Social Security and Medicare, which could put a strain on those programs in the future.

The good news is that the unemployment rate is finally starting to come down. But it’s still high by historical standards, and it’s likely to stay that way for a while.

-The number of unemployed Americans rose to 12.3 million in November, an increase of 437,000 from the previous month.

In November, the number of unemployed Americans rose to 123 million, an increase of 437,000 from the previous month. This is despite President-elect Biden’s promise to create millions of new jobs.

There are many reasons for the increase in unemployment. The pandemic has had a devastating effect on the economy, with many businesses closing their doors permanently. The holiday season is also typically a slow time for hiring.

However, there is some hope on the horizon. President-elect Biden has proposed a $2 trillion stimulus package that includes provisions for job creation. If passed, this could help to lower the unemployment rate in the coming months.

In the meantime, there are many resources available for those who are unemployed. The government offers unemployment benefits, and there are also many private organizations that offer job search assistance and career counseling.

-This is the highest level of unemployment since the Great Recession.

It’s been over a decade since the Great Recession, and while the unemployment rate has fallen significantly since then, it’s still higher than it was before the recession. In fact, according to the most recent data from the Bureau of Labor Statistics, the unemployment rate is at its highest level since the Great Recession.

The data shows that the unemployment rate rose to 4.4 percent in May, up from 4.3 percent in April. This is the highest level of unemployment since the Great Recession, when the unemployment rate peaked at 10 percent in October 2009.

The rise in unemployment is due to a number of factors, including the ongoing pandemic and the resulting economic downturn. However, it’s worth noting that the unemployment rate was already on the rise before the pandemic hit, as the economy was slowing down and job growth was slowing.

The good news is that the economy is starting to recover from the pandemic, and job growth is starting to pick up. The bad news is that it’s going to take some time for the unemployment rate to fall back to its pre-pandemic level.

In the meantime, it’s important to remember that the unemployment rate is just one measure of the labor market. There are other indicators, such as the number of job openings and the quit rate, that show that the labor market is still quite strong.

So, while the unemployment rate is higher than it was before the pandemic, it’s still not at a level that should be cause for concern.

-The number of long-term unemployed Americans (those who have been out of work for 27 weeks or more)

The number of longterm unemployed Americans those who have been out of work for 27 weeks or more stands at 4.4 million as of May 2020, according to the latest data from the Bureau of Labor Statistics (BLS). That’s down from a peak of 6.7 million in April 2010, but it’s still more than double the pre-recession level of 1.6 million in December 2007.

The long-term unemployed are a persistent problem in the labor market, even during periods of economic expansion. They often face discrimination from employers, who view them as less capable and less reliable than workers who have been out of work for a shorter period of time.

The long-term unemployed also face significant financial challenges. They are more likely to live in poverty and to receive public assistance. They also have difficulty accessing credit and often have to rely on family and friends for financial support.

The long-term unemployed are a key reason why the labor market has yet to fully recover from the Great Recession. They are a reminder of the human cost of economic downturns and the need for policies that help workers and families weather them.

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