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In September 2019, the U.S. unemployment rate dropped to 3.5%, near the lowest rate in 50 years. [20] On May 8, 2020, the Bureau of Labor Statistics reported that 20.5 million nonfarm jobs were lost and the unemployment rate rose to 14.7 percent in April, due to the Coronavirus pandemic in the United States. [21]
May 8 – COVID-19 pandemic: The national unemployment level reaches 14.7%, with more than 33 million jobless claims having been filed since mid-March. [182] May 12 – COVID-19 pandemic: The Broadway League extends its shutdown of Broadway theatres for a second time, projecting reopening on September 6. [183]
The unemployment rate of young African Americans was 28.2% in May 2013. [189] The unemployment rate reached an all-time high of 14.7% in April 2020 before falling back to 11.1% in June 2020. Due to the effects of the COVID-19 pandemic, Q2 GDP in the US fell 32.9% in 2020.
[206] [207] On March 12, 2024, Trump officially became the presumptive Republican presidential nominee. [208] Trump was injured in an assassination attempt on July 13, 2024, when a bullet grazed his ear. [209] This was the first time a president or major party presidential candidate was injured in an assassination attempt since Ronald Reagan in ...
The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth. By comparison, global unemployment went up by 22 million during the Great Recession. Women informal workers, migrants, youth and the ...
[6] [7] [8] Lobbyists representing wealthy private universities continue to advocate for its repeal. [ 9 ] [ 10 ] The Don't Tax Higher Education Act, which would repeal the endowment tax, was introduced in the 115th United States Congress , [ 11 ] 116th United States Congress , [ 12 ] and 117th United States Congress [ 13 ] but failed in the ...
As of 2022, the gross state product for Illinois reached US$1.0 trillion. [150] As of February 2019, the unemployment rate in Illinois reached 4.2%. [151] Illinois's minimum wage will rise to $15 per hour by 2025, making it one of the highest in the nation. [152]
China is the currently the world's largest semiconductor market in terms of consumption. In 2020, China represented 53.7% of worldwide chip sales, or $239.45 billion out of $446.1 billion. However, a large percentage are imported from multinational suppliers. In 2020, imports took up 83.38% ($199.7 billion) of total chip sales.