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Added on the 07/05/2020 12:15:34 - Copyright : France 24 EN
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.
Yangon, Dec 16 (EFE/EPA).- Myanmar on Wednesday resumed domestic air travel after flights were grounded due to pandemic, while international flights are scheduled to resume on Jan 1, 2021. (Camera: LYNN BO BO / NYEIN CHAN NAING).SHOT LIST: HEALTH WORKERS TAKE SWAB SAMPLES FROM CITIZENS IN DOWNTOWN AREA OF YANGON, MYANMAR AND B-ROLL OF YANGON INTERNATIONAL AIRPORT IN YANGON, MYANMAR.
Joseph LaVorgna is the chief economist at the National Economic Council, and is an economic adviser to the Trump administration. And according to Business Insider, LaVorgna on Friday said he felt there was no rush to release a second coronavirus stimulus package. LaVorgna said that despite a disappointing Friday jobs report, he doesn't 'believe the recovery at the moment is in jeopardy.' On Friday, the jobs report that said 10.7 million Americans were unemployed in November. Congress is considering a $908 billion stimulus proposal after months of negotiations. It does not include a $1,200 direct payment.
President Donald Trump has changed his thinking, and now says he wants a big stimulus bill passed before the general election on November 3rd. Fed Chair Jay Powell also wants to see one passed and has warned that without one, the US economy's recovery will surely falter. But the Republican-led Senate hasn't passed a new coronavirus relief bill since April 21st, and shows little signs of doing so before the election. According to Business Insider, the GOP is far more concerned with getting the Supreme Court tilted to the right by having Amy Coney Barrett confirmed. For more than five months, Congress has held up a comprehensive stimulus package for tens of millions of Americans and left them in limbo. Senate Majority Leader Mitch McConnell wants a so-called 'skinny' bill, while House Speaker Nancy Pelosi is holding out for far more for the American worker.
Fed Chair Jay Powell warned on Tuesday that the US economy would suffer if another stimulus package isn't passed, which remains stalled in Congress. House Democrats passed a $2.2 trillion stimulus plan earlier this month, but Sen. Majority Leader Mitch McConnell (R-Ky.) called the amount 'outlandish.' Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses. Jay Powell Chair, US Federal Reserve But according to Business Insider, White House economic advisor Larry Kudlow said Sunday that he doesn't agree with that assessment. We are in a strong rebound. Businesses are reopening. We are learning to deal with the virus in a targeted, safe, prevented way. White House Economic Adviser Larry Kudlow Interview, CNN's 'State of the Union'
Paris (France), Oct 5 (EFE/EPA) - (Camera: Mohammed Badra) French authorities announced on Monday a series of new restrictive measures in Paris and its region, such as closing bars and limiting universities and restaurants, in an attempt to stop the spread of the pandemic. All bars will be closed from Tuesday, when attendance at universities will also be cut in half and restaurants will have to comply with a new, stricter health protocols. FOOTAGE OF BARS AND RESTAURANTS IN PARIS (FRANCE).