Low Paying Jobs In 2021
After two weeks of lodging higher claims than expected, the number of new claims lodged has returned. Although the U.S. economy was in relatively good shape recently compared to what it was at the beginning of the epidemic, weekly job applications rose sharply in June for several weeks in a row, much to the consternation of economists. But this past week, that number has fallen again, and in a much bigger way. In the week ending June 26, new useless claims came to 364,000. That is, in fact, a minor epidemic. It was significantly lower than expected by 390,000 new economists this week, and was expected to drop by 51,000 claims from last week. In fact, the last of a few useless applications filed weekly was the week of March 14, 2020, when the full impact of the epidemic had not yet reached home.
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Seeing the decline in new weekly claims is a good thing, at least from an economic point of view. Of course, that number also comes at a time when more than half of the regions have decided to eliminate unemployment benefits. Some state lawmakers believe that by giving unemployed workers an extra $ 300 a week, they are undermining their ability to return to work, because low-paid workers are more likely to be unemployed than they would be. Fortunately, the increase is still in place in the remaining 24 countries and is not set to expire until early September. For many families, the lack of formal schooling has been a barrier to returning to work. The cost of full-time child care is very high, in many cases, which can reduce the wages of low-paid workers. Once schools are fully open for indoor learning, which is expected to happen in the coming months, that burden should be reduced. Which numbers are invalid which could mean more help for renewal. Weekly unemployment claims do not give a complete picture of the national unemployment rate, which is reported monthly.
June numbers should be highlighted, with economists expecting a lower unemployment rate than the one recorded in May. Therefore, it is unlikely that increased unemployment will be extended before its September expiration date, especially since many countries are already pulling the plug. But what about the fourth renewal check? While some Americans may still cling to something, the chances of compliance seem to be extremely slim where the economy is. The previous incentive cycle has helped many people take on debt, withdraw savings, and draw much-needed cash from local businesses. But at this point, it is difficult to prove the fourth cycle - even if the weekly useless claims are still higher than those made before the epidemic began.
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