global labour market

US layoffs

The Global Labour Market Collapses In Just Two Weeks

Intermoney | Unemployment claims in the US are the best thermometer of the intensity of the collapse the country’s GDP will experience. More than 6.65 million people filed for unemployment benefits in the US last week. Although businesses which employ almost half of Americans should be able to apply for loans between this Friday and 30 June, this could take a long time to arrive or even not happen for many.This is a risk we should bear very much in mind in Spain.