Health and Healthcare

Less Unemployment Is the Good News; the Bad News Is That It Means More of This

demaerre / Getty Images

About 164,000 new jobs were created in the U.S. in July, and the national unemployment rate stands at 3.7% — compared with 5.7% in Canada and 6.3% in the European Union. That’s good news, right? Some parts of the United States could use a bit of good news. These are the counties with the highest unemployment rates.

But declining unemployment comes with a downside: It means more cases of the flu.

According to a new study called “The effects of employment on influenza rates,” conducted by economists from three U.S. universities, a 1% increase in employment results in a 19% increase in flu-related doctor visits. This is due to the highly contagious nature of the flu virus — this is why even doctors are afraid of the flu.

The study, conducted by economists from Emory University, Ball State University, and the University of Alabama at Birmingham (UAB), and published in the journal Economics & Human Biology, notes that the correlation is particularly strong in the retail and healthcare businesses, as these have the highest level of interpersonal contact.

One of the study’s authors, Joshua Robinson, an associate professor of economics at UAB’s Collat School of Business, stressed that while a 1% rise in employment would be extremely rare in a one-month span, even “a typical increase in employment would increase flu incidence by about 6%.”

He suggested that “If employers provided a more generous sick-day policy, particularly during flu season, this could decrease the spread of the virus.” This is how bad the 2019 flu season was in every state.

The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying more than 7x the national average. That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

1 https://www.fdic.gov/national-rates-and-rate-caps

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.