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Added on the 04/09/2015 09:47:42 - Copyright : Wochit
Job growth slowed much more than expected. Economists say it could rule out an interest rate hike this month, as Fred Katayama reports.
Job growth slowed much more than expected. Economists say it could rule out an interest rate hike this month, as Fred Katayama reports.
The resumes of former White House staff usually go straight to the top of the pile when it comes to getting top jobs. After all, they've had the unparalleled experience of years of dealing with some of the toughest crises in government. But according to Business Insider, Trump administration staffers aren't finding such a post-POTUS cushy landing. As businesses begin to shun Trump enterprises, one PR recruiter said they had received inquiries from at least 15 people from the White House looking for jobs. The headhunter took on six people as clients, but none were able to even secure an interview with corporations they had applied to. It's just very hard. You're supposed to put anyone in front of a job that has the credentials. Morally, it's hard for people to want to work with them. Public Relations Recruiter
As if the end of the year weren't hard enough, the December jobs report from the Bureau of Labor Statistics said 140,000 jobs were lost last month. According to Business Insider, the data shows all of those lost jobs were held by women. Among the newly-unemployed, Black and Latina women working in retail and education sectors were hit the hardest. The US posted a surprise decline in payrolls in December and all of the 140,000 jobs lost were held by women. As the COVID-19 pandemic continues to spread, the US economic recovery has been mostly stagnant. Small businesses nationwide have been hit particularly hard. Many are being forced to lay off staff or close altogether to curb the pandemic's spread.
For three months, they held more jobs than men in the US economy — something that had only occurred one other time in history, during a short period in 2009 and early 2010. Sure, there were still many other gender gaps: women were more likely than men to work part-time, for example, because of caregiving responsibilities at home, and even among full-time workers, they earned on average only 81 cents for every dollar of their male peers. The pandemic quickly changed that story. And now, it just got worse.