Question

Identify an article in the media which discusses the impact of COVID 19 on either of the three concepts; economic growth, unemployment, or inflation in the US. From the article identify and discuss the following:

1. Provide the link and title of the article
2. Give the rate of economic growth, unemployment or inflation
3. From the article summarize:

• Either the factors that account for the rate given in (2). or
• Suggest recommendations to improve the rate given in (2).

Answer 1

The Newyork Times newspaper Article link is given below: https://www.nytimes.com/2020/07/02/business/economy/jobs-unemployment-coronavirus.html

The article is related to the unemployment

Article title: After June Job Gains, Still a ‘Deep Hole,’ and New Worries

The unemployment rate fell to 11.1 percent in June, down from a peak of 14.7 percent

Unemployment among all types of laborers expanded strongly in the COVID-19 pandemic. Be that as it may, the encounters of a few types of laborers, for example, ladies and black men, in the COVID-19 flare-up differ prominently from how they encountered the Great Recession. Here are five realities about how the COVID-19 downturn is influencing joblessness among American laborers.

• The joblessness rate for ladies in May (14.3%) was higher than the joblessness rate for men (11.9%).
• The joblessness rate for black men in May (15.8%) was generously not exactly the pinnacle rate they looked in the Great Recession (21.2%)
• migrants saw their joblessness rate hop higher than the rate for the U.S.- conceived laborers in the COVID-19 downturn
• Laborers in everything except one age group saw their joblessness rate move into the twofold digits in May because of the COVID-19 flare-up,
• Joblessness rates in the COVID-19 downturn are lower among laborers with more significant levels of educational qualification.