Correct paragraph in the Job Report 2020 effortlessly

Aug 6th, 2022
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How to Correct paragraph in the Job Report 2020

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- Theres been a lot of press coverage about people quitting their jobs. Well, todays report tells you why. - [Josephine] Here, President Biden is referring to the Labor Departments monthly jobs report, a key gauge of American employment and inflation. The report can move trillions of dollars in market trades and influence policy decisions, like interest rates at the Federal Reserve. But the report still has its limits. - There are some things that the jobs report just doesnt include. And because of that, were not getting a complete picture of the US jobs market. - [Josephine] Heres what you need to know to read the monthly jobs report, including what it tells you, and what it doesnt. The report, which is normally released on the first Friday of the month, gives a look at the current state of the economy. And while economists read it in depth, there are four key areas that they tend to focus on. Non-farm payrolls, often simply referred to as jobs, shows the number of positions ad

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The establishment survey provides estimates for nonfarm payrolls, average weekly hours worked, and average hourly and weekly earnings nationwide as well as by state and metropolitan area, and by industry. The report also tallies the hours worked and earnings of production and nonsupervisory employees.
California added 96,700 jobs in January 18.7 percent of the nations overall job gains. Eight of Californias major industries added jobs. The unemployment rate rose by 0.1 percent to 4.2 percent.
The recession induced by the coronavirus disease 2019 (COVID-19) pandemic resulted in steep job losses, pushed the unemployment rate to a high of 13.0 percent in the second quarter of 2020, and caused many people to leave the labor force.
Job growth rose far more than expected in January despite surging omicron cases that seemingly sent millions of workers to the sidelines, the Labor Department reported Friday. Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, ing to the Bureau of Labor Statistics.
Labor markets have been disrupted to an unprecedented extent. More than 20 million jobs were lost in the United States just in April 2020, a tripling of the unemployment rate in that month. In Mexico, the economically active population lost 12 million workers between March and April 2020, a decline of 21 percent.
The COVID-19 pandemic has triggered one of the worst jobs crises since the Great Depression. There is a real danger that the crisis will increase poverty and widen inequalities, with the impact felt for years to come.
Although the labor market remained quite strong early in 2020, employment fell sharply in the spring with the onset of the COVID-19 pandemic. Employment growth in the second half of the year led to a recovery of about half of these employment losses.

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