Impact of a pandemic, the Unemployment Rate in the US Remained 20 Percent in July

According to the state Department of Labor statistics of New York reported that the unemployment rate remained near 20% in July 2020.

It happened as the impacts of the coronavirus pandemic that continue to ravage the Big Apple’s economy. The height of the COVID-19 outbreak brought life to a standstill as shops, offices, schools, and restaurants shuttered.

New York City’s seasonally adjusted unemployment rate was 19.8% in July, a decrease of 0.5% from June, and a rise of 15.9% from a year earlier.

As cited News24xx.com on Tuesday, for statewide, the jobless rate was 15.9%. But the unemployment rate rose slightly in the Bronx, from 24.7% in June to 24.9% in July, one of the boroughs worst hit by the coronavirus crisis.

But for this month, businesses have slowly reopened across the city.

Here some data according to the state Department of Labor statistics of New York :

1. The city lost 646,100 private sector jobs compared to July 2019.
2. The leisure and hospitality industries being the hardest hit with 249,700 lost jobs.
3. The Federal Emergency Management Agency approved the wages grant for the state, to those eligible.
4. Republicans and Democrats in Congress failed to reach a deal to extend the extra $600 in benefits being paid out to people left jobless by the pandemic.