By the Numbers: May 1, 2020
BountyJobs Bites: Initial Jobless Claims Fall to 3.8 Million The Numbers: For the week ended April 25, the number of initial jobless claims fell by 603,000 to a total of 3.8 million Within the past six weeks more than 30 million initial jobless claims have been filed Source: U.S. Department of Labor Less Than Half of Employers Expect Job Declines The Numbers: 32% of employers expect job declines at their firms 1 % expect increases 63% have leveraged a hiring freeze due to COVID-19 Source: National Association for Business Economics GM to Hire Temporary Workers to Produce Ventilators The Numbers: GM plans to hire more than 1,000 temporary workers to assist in ventilator production At least 30 ventilators are planned by the end of August per a $489 million government contract A starting wage of $16.67 per hour is the rate for both full and part-time positions Source: RTV6 Indianapolis Updated Unemployment Rate Forecast Released [...]