20 Oct 2020
US Unemployment- Jobs???
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The numbers have improved in the United States.
However, the COVID-19 Pandemic has impacted more negatively on the portion of the workforce earning below $38,000 per annum (US$27,000) than above $85,000 per annum (US$60,000).
By forcing us to play by new rules, the COVID-19 economic recession is defining new winners (technology, healthcare) and new losers (travel, restaurants, apparel) and if you are employed in an industry on the losing side then increasing your income becomes more difficult.
The same thinking applies for investing.
Click for chart.
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