The covid-19 pandemic has rendered all of our lives immobile, utterly robbing us of our free will. It is critical that we get our facts correct before attempting to estimate labor productivity and pay growth. There are no jobs and no pay as a result of the pandemic. In other words, in times like these, we should all work together to enhance the quality of the employment available. When we look closely at the job figures, we can see how different demographic groups have been impacted. When compared to white individuals, black people continue to be disproportionately affected by unemployment. This creates a persistent economic division in the country that grows and narrows but never stops. You might also be interested to take a look at: hire black site here
The most recent April figures showed a 5.3 percent unemployment rate for whites and a startling 9.7 percent for African Americans. These are not typical figures, yet they are certainly noteworthy. Again, using the statistics provided, you create a graph that shows that white employment grew by 11% from April 2020 low to September 2020 high. It increased by only 1.6 percent from September to April. Only among black employees has employment growth been somewhat steady before and after September. This isn’t the only statistic indicating a slowdown. The first surge in unemployment at the start of the epidemic was just transitory. People took time off in the hope that business would resume shortly once the early distancing measures to halt the spread of the illness ceased. Also see: black hiring portal here
And, indeed, temporary unemployment dropped rapidly. Permanent employment, on the other hand, was the greater issue here, with those who lost their jobs for good hitting about 3.6 million in September and hasn’t changed much since, with a flat line. Those permanent job losses are, without a doubt, a direct result of the continued labor stagnation. Taking everything into account, the economy is tremendously intricate, and employment gains and losses are dispersed throughout various industries. With the continued unemployment situation in September, a definitive response cannot be anticipated or projected. That However, certain assumptions may be correct, such as the fact that September also marked the start of the third – and the worst wave of the epidemic, which raged like wildfire. In September, around 40k new cases were added each day. However, there is no clear relationship between the monthly change in coronavirus cases and changes in employment.
Another factor to consider is that September is typically the month when children return to school, though this varies greatly by region. Another presumption is that it will be difficult for parents to come back to work if schools and daycares are unable to accommodate their children. Given the frequency with which women are primary caretakers for children, this can be a solid reason for why the April unemployment rate was centered among males.
Because of the complexities of the numbers involved, this may be quite perplexing. Furthermore, there was no significant difference in job growth for Black Americans before and after September. With all of this going on for such a long time, it seems reasonable to call it quits here.