Many Losing Unemployment Benefits This Month But Amazon Helping To Pick Up The Slack
Friday, the jobs report came out from the Labor Department showing job growth of only 235,000 versus an expectation of 720,000.
However, the bigger problem is that next week, it is estimated that 7.5 million unemployed people will lose their unemployment benefits.
Amazon (AMZN) is one of the companies that is coming to the rescue. The company’s goal is to hire 40,000 people in the United States and 15,000 in the rest of the world.
Amazon has been one of the leaders in providing employment for Americans. Last year, the company, which is the second largest American employer in the private sector, hired 500,000 last year.
The largest, Wal-Mart (WMT), is planning to hire another 20,000 employees, which should help provide some support to the unemployed.
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