Data from scheduling firm Homebase shows that the labor market recovery has reversed in some of the states hardest hit by the virus, including Florida and Texas.
CNBC looked at the trailing seven-day average of employees working from July 19 compared with June 14, which captured much of the time represented the official June jobs report from the Labor Department. The data showed that six states, including Florida, Arizona and Texas, saw the number of employees going to work decline by at least 5% over that period.
The United States has had more than 3.8 million confirmed cases of the virus and over 140,000 deaths, according to Johns Hopkins University. The Homebase data measures employment at certain small- and medium-sized businesses and is not representative of the entire economy, giving a heavier weight toward the service sector. Researchers at the St. Louis Branch of the Federal Reserve identified the data as showing promise ofThe small business data also mirrors information from the weekly jobless claims data, which has shown more than a million initial claims every week since the crisis began.
If a significant slowdown in the labor market recovery is shown in the official monthly data for July and August, that could be a blow to the optimism on Wall Street about the recovery, Deutsche Bank said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Movies, TV shows from each decade on Netflix, Hulu, Disney Plus: data - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
Pfizer-BioNTech potential COVID-19 vaccine shows promise in additional dataGerman biotech firm BioNTech and U.S. drugmaker Pfizer on Monday reported additional data from their experimental COVID-19 vaccine that showed it was safe and induced an immune response in patients.
Weiterlesen »
Washington says new COVID-19 data site is better than CDC program it replacedU.S. officials defended a move to take collection of hospital data on COVID-19 cases away from the U.S. Centers for Disease Control and Prevention, saying a new data system launched on Monday is more expansive and robust.
Weiterlesen »
Forbes Insights: How UnitedHealth Group Harnesses Data For A Better Covid-19 ResponseSince the start of the pandemic, UnitedHealth Group has continued to adapt to better serve at-risk patients. Here’s how Sponsored by Teradata
Weiterlesen »
Early Oxford-AstraZeneca Coronavirus Vaccine Data 'Encouraging,' Scientists SayAn experimental coronavirus vaccine from Oxford University and AstraZeneca triggered an immune response in more than 1,000 people without severe side effects, according to a new study.
Weiterlesen »