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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LendingTree Inc | NASDAQ:TREE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 49.33 | 48.36 | 51.00 | 0 | 01:00:00 |
CHARLOTTE, N.C., June 24, 2020 /PRNewswire/ -- Due to the business closures caused by the coronavirus pandemic, many Americans are out of work. The U.S. Bureau of Labor Statistics (BLS) released its most recent unemployment data showing that 13.3% of U.S. residents are unemployed and seeking work as of May 2020. However, unemployment data only shows how many people are out of work and actively looking for a job. To determine the job losses caused by the COVID-19 crisis, LendingTree researchers compared the total non-farm workers by state in April 2019 and April 2020. Researchers then determined which states lost the highest proportion of jobs based on a decrease in the number of workers to see where the pandemic is hitting workers the hardest.
Full Report: https://www.lendingtree.com/personal/states-job-loss-coronavirus-study/
Key Findings:
It might come as a surprise that some of the most populous states in America aren't at the top of this list. However, the dense population of certain states actually gives their economies a cushion when it comes to job losses. For example, California lost the most workers compared with the same period last year, at 2.3 million, equal to lost annualized earnings of $142 billion. Thanks to its high population, though, California actually ranked toward the middle of the pack at No. 21 with 13.4% less jobs in April 2020 compared with the prior year.
Even at the bottom of the list, there are no states that got anywhere near breaking even with jobs compared with last April. However, the states at the bottom of the list have seen a smaller proportion of job losses compared with most other states on our list. The bottom 10 states with job losses all saw their workforce decrease by 9% or less, which isn't so bad when compared with the most-affected states, where their workforces decreased by nearly 20% or more.
For the full report, please visit: https://www.lendingtree.com/personal/states-job-loss-coronavirus-study/
About LendingTree
LendingTree (NASDAQ: TREE) is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, refinances, auto loans, personal loans, business loans, student refinances, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring, customized recommendations to improve credit health, and notification when there are opportunities to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.
Media Contact:
Nancy Jones
Nancy@lendingtreenews.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/michigan-vermont-and-new-york-saw-largest-degree-of-job-losses-due-to-coronavirus-pandemic-according-to-lendingtree-study-301083081.html
SOURCE LendingTree.com
Copyright 2020 PR Newswire
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