Millions of Americans are still unemployed with many permanent job losses due to the pandemic. The government stimulus package of $600 was the life boat for many unemployed Americans during the lockdown but with the leaders in Washington unable to reach a consensus stimulus package before the November election, those still unemployed are floundering to stay afloat as savings are slowly depleted with the lack of additional support from unemployment benefits. Job growth has slowed down while layoffs have continued with unemployment claims growing.
This uncertainty surrounding the new stimulus plan has pushed individuals and families to dive into savings that were accumulated during the lockdown or attempt a side job while continuing to search for a permanent job just to earn a bit more money. Before the pandemic, job searches were already difficult to do with finding one that fits ones preferences and job skills but with the pandemic still going on and the general uncertainty of the US economy, job searching is even harder despite the desire to work.
https://www.npr.org/2020/10/17/924682991/i-m-still-unemployed-millions-in-dire-situation-as-savings-start-to-run-out
I think with the economic situation the world is in right now, we are expecting this uncertainty. No one really knows what is in store for us in the future let alone the next few months. Those looking for jobs are either unlucky or they have just given up. The job market right now is not moving anywhere any time soon.
ReplyDeleteI think job preferences have gone out the window if someone is really desperate they will do any work they can find. Being able to have job preferences is definitely a benefit of having a healthy economy. Until then people will need to continue to adapt to an ever-changing economic climate where relief might not be around the corner.
ReplyDeleteI think that the unemployment numbers will continue to rise as long as this virus is active. With different information coming to surface everyday, it is hard for businesses to establish guidelines for employees and many are starting to shut down again. The job market is tough, especially now and even more so for soon to be college graduates.
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