COVID has led to soaring unemployment with many either leaning on unemployment benefits, unemployment insurance or accumulating personal debt. As unemployment hit 15% in April, MIT Professor, Jordan Nickerson, said that companies in the gig economy – such as Uber (NYSE:UBER) – can have a ‘profound impact’ on labour markets, by decreasing unemployment claimants and […]

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The number of Americans applying for unemployment benefits reached 1.314 million in the week ending 4 July 2020 – a grim total compared to the mere 209,000 applications this time last year – according to statistics released by the U.S. Labor Department on Thursday. The figures do, however, come in at fewer than the expected […]

The post US weekly jobless claims better than expected at 1.3 million appeared first on UK Investor Magazine.