A quick positive response in job recovery amid an unusual pandemic in the US
The state governments in the US have suffered extremely, since the coronavirus pandemic hit the country. The sudden spike in positive cases after it has been showing a surge in numbers since March, few strict measures such as temporary shutdown of businesses took place. However the sudden turn around showed support in the economy with approximately 2.5 million jobs revived.
Many experts and the government officials had an uncertainty in job recovery. The jobs related to construction, healthcare and restaurants including the part time jobs were at a critical situation since February. Yet the relaxation rules to open up businesses showed good improvement since mid-may, and the federal unemployment rate dropped in May.
Few sources confirmed that the unemployment rate in May dropped to 13.3 percent from 14.7 percent. The information in numbers related to unemployment was also admitted by the Bureau of Labor Statistics. However, the accuracy related to the agency’s numbers was misclassified in May, as it had in April and March.
The President of the United States, Donald Trump reacted to the positive take on the jobs market. Both the averages of Dow Jones and the Standard & Poor’s 500-stock index went higher, compared to that of the pandemic days that started in early March. Many including Part Time Jobs Near Me portal believes that this V-shaped economic recovery can be a great boost to go on.