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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