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Unemployment Is Down Substantially Compared to the Recent Past, Business and Industry Trends Analysis

As of January 2020, the unemployment rate in America was 3.6%.  However, by March 2020, the Coronavirus changed everything with amazing speed, causing the unemployment rate to soar to about 15%.  Many formerly excellent jobs were permanently lost.  By February 2021, the unemployment rate had dropped to 6.2%.  This was partly the result of people being re-hired or finding new jobs.  Unfortunately, however, it was also the result of millions of people giving up and leaving the workforce, and therefore no longer being counted among those looking for jobs. It is vital for a job seeker to understand which industries…

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