US jobs market shows early signs of coronavirus recovery, Goldman says
Coronavirus job market affecting more women than men
More women have been unemployed amid coronavirus than men due to job market tradition. FOX Business’ Lauren Simonetti with more.
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The U.S. labor market is showing early signs of recovery from the unprecedented damage inflicted by the coronavirus pandemic and the ensuing economic lockdown, according to Goldman Sachs.
A steady decline in jobless claims each week suggests the job market is starting to heal from the virus outbreak as states ease stay-at-home guidelines and allow more businesses to reopen, Goldman economists, led by Jan Hatzius, wrote in a note to clients on Sunday.
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Since the nation's economy came to a grinding halt in mid-March, more than 40 million Americans lost their jobs, the Labor Department reported last week. Although the number of workers seeking assistance is still significantly higher than it was pre-crisis, jobless claims last week fell to the lowest amount since March 15. It was the eighth week in a row of declining claims.
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