Tuesday, October 20

Low enrollment affects finances of New England institutions


EDUCATION (SHUTTERSTOCK)

Educational institutions in New England, in Massachusetts, accuse the impact of the coronavirus pandemic in the low enrollment for the next courses, making a dent in the financial field.

According to information from the NBC network, the number of full-time undergraduate and graduate students fell by 20% for the month of September compared to the same month in 2019.

The figure is adjusted according to a study done in more than two dozen colleges and universities in the region.

Difficulty paying tuition has been the main case linked to decisions to temporarily pause studies. The coronavirus pandemic resulted in high unemployment rates across the country, with percentages above 14%.

According to the Department of Labor, September closed above 7%, a significant drop compared to the arrival of the outbreak; however, the financial rift has been felt.

Benefit

More than 50,000 Massachusetts residents first filed for unemployment benefits last week, according to U.S. Department of Labor data released Thursday, Oct.15, when national claims hit an all-time high.

Since the pandemic began, more than 2 million state residents have submitted subsidy requests for the first time, including so-called self-employed.

Nationwide, the number of Americans seeking unemployment benefits increased last week by more than it has in two months, to an all-time high of 898,000, evidence that layoffs continue to be an obstacle to recovery in employment. economy.

The economy is still about 10.7 million jobs short of regaining the 22 million that were lost when the pandemic struck in early spring, WBUR notes.

Job search website Indeed indicated that its job postings were unchanged last week, remaining roughly 17% below last year’s levels. Many employers are still not confident enough in their business or in their vision of the economy to hire.

Job openings had rebounded steadily over the summer, but earnings have slowed in the past two months.




eltiempolatino.com

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