Discussion board 2

Instructions

1-Write a couple of paragraphs about the statistic you found (attached) why it relates to human resources, and why you found it interesting. 2-Remember to "Create Thread" and once you submit your post, please respond to the post of at least one other student.3-Respond to the Nathalie Rousseau post The unemployment rate dropped to 8.4 percent in August, the Labor Department reported on Friday, marking the fourth month of declines even as the pace of job growth is slowing.The August rate is down from its April peak of 14.7 percent, but still remains far above the 3.5 percent recorded in February, before coronavirus shutdowns took hold.The economy recovered 1.4 million jobs last month, the report showed. Thats a slowdown from the previous months gain of a revised 1.7 million and from the 4.8 million recovered in June.After four straight months of growth, fewer than half of the more than 23 million jobs lost in March and April have been recovered.The data released are the results of a survey conducted in mid-August, reflecting some of the earliest effects since enhanced federal unemployment benefits expired at the end of July. The growth was led by rehires in retail, education, leisure and professional services. It also includes nearly 240,000 workers the government temporarily hired to work on the 2020 Census.Economists warn the labor market may well have grown weaker since the report was conducted, however. Many expect further layoffs through the fall especially if Congress fails to pass further stimulus relief, the expiration of a small business relief program and other factors could spur a wave of business closures across the country.The number of permanent job losses is also rising, a signal that damage to the labor market is likely to be long-lasting. The vast majority of unemployed workers are classified as on temporary layoff, indicating they still expect to return to their previous jobs. But permanent losses climbed to 3.4 million in August, the report showed, up from Julys 2.9 million.

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