3 July

The US job market gained a significant number of jobs during June particularly in the retail, leisure and hospitality sectors, which were severely affected by the Covid-19 pandemic.

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However, permanent job losses are still rising even as workers start to return to their jobs.

As some states re-impose certain restrictions due to resurgence in Covid-19 cases, more jobs are projected to be lost.

Claudia Sahm, an economist, shared statistics related to unemployment rates in the US.

The data shows that permanent jobs losses are rising despite 4.8 million furloughed workers being brought back to work, according to the latest job report from the US Labour Department.

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Further, the statistics reveal that the job market is still below the 15 million jobs registered during February.

Sahm noted that the government should announce more relief measures for families, small businesses, and state/local government.

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