Based on the average duration of unemployment, we are now (in the Covid19 pandemic recession) tracking the worst recession on record
The latest reading would rank 58th worst in the history of the weekly series
The increase still leaves the payrolls 9,777,000 short of the pre-Covid19 highs
Demand for skills is rising, including in manufacturing, while services jobs (and lower-skilled B2C services jobs in particular) are still hard to find.
U.S. current reading is in line with March 2011.
Sweden is the worst performer, by a large margin than any other Nordic or Northern European country
US vs EU27 comparatives in the pandemic dynamics through the week 12 of 2021 are showing continued, albeit declining improvement in the relative position of the US. That said, much of the improvement is down to lags in new waves development, with the E…
Both Europe and the EU27 are now in a new wave, Wave 3, of the pandemic, just as the rest of the world (https://trueeconomics.blogspot.com/2021/04/1421-covid19-worldwide-data.html). There is no denying that fact:
After the emotional appeal of the director of the Centers for Disease Control and Prevention, Dr. Rochelle Walensky, on Monday, the COVID-19 situation in the U.S. has been under close scrutiny. Walensky spoke of “impending doom” as falling case numbers…
A devastating second wave of coronavirus infections in connection with mutant variety P.1 has caused deaths from COVID-19 to soar in Brazil. As of March 31, the 7-day rolling average of daily new COVID deaths stood at 14 per one million of population. …