The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound. With confirmed viral cases still elevated in much of the nation and businesses under continued pressure, many employers appear reluctant or unable to hire.
Even counting the hiring of the past three months, the economy has now recovered only about 42% of the 22 million jobs it lost to the pandemic-induced recession, according to the Labor Department’s jobs report released Friday.
For some people, unemployment is starting to stretch out over many months because of the pandemic. So how does long-term unemployment affect people’s ability to eventually return to the workplace?
People who are out of work for two, three, maybe even four months — employers get that. But longer than that, said economist and dean of Dartmouth’s Tuck School of Business Matthew Slaughter, “your skills depreciate a bit, the longer that you’re not in a job.”
And traditionally, employers have a lot of questions for prospective employees if there’s a big gap in their work history. But Slaughter said workers can build new skills to boost their earning potential.
“What becomes more important is, what’s the story that you can tell when — fingers crossed — you do have those interviews?” he said.
Of course that story, right now, involves the pandemic, said San Francisco Bay Area career coach Dorianne St. Fleur.
“It won’t be looked at as negatively now as potentially it has been in the past,” she said.
But in this moment, many of her clients are concerned about having to take a pay cut if they do get work because the job market is so competitive.
With reporting from The Associated Press
It’s still the question on everyone’s minds: What’s going on with extra COVID-19 unemployment benefits?
The $600-a-week payments have ended, officially, as of July 31. For now, there is no additional federal pandemic unemployment assistance. House Democrats want to renew the $600 payments. Senate Republicans have proposed giving the unemployed 70% of their most recent salary by this October, when state unemployment offices have had time to reconfigure their computer systems to do those calculations. Until then, jobless workers would just get another $200. But, nothing has been agreed upon yet.
What’s the latest on evictions?
For millions of Americans, things are looking grim. Unemployment is high, and pandemic eviction moratoriums have expired in states across the country. And as many people already know, eviction is something that can haunt a person’s life for years. For instance, getting evicted can make it hard to rent again. And that can lead to spiraling poverty.
Which retailers are requiring that people wear masks when shopping? And how are they enforcing those rules?
Walmart, Target, Lowe’s, CVS, Home Depot, Costco — they all have policies that say shoppers are required to wear a mask. When an employee confronts a customer who refuses, the interaction can spin out of control, so many of these retailers are telling their workers to not enforce these mandates. But, just having them will actually get more people to wear masks.
You can find answers to more questions on unemployment benefits and COVID-19 here.
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