Tag Archives: unemployment

USA Today reports: The number of Americans filing jobless claims rose last week, showing the need for aid isn’t waning even as the extra $600 that bolstered weekly checks during the pandemic comes to an end. 1.4 million more Americans filed for unemployment benefits for the first time as the coronavirus surges throughout many states, and recently reopened businesses shut …

CNBC reports: The number of Americans who filed for unemployment benefits rose more than expected last week as the country continues to grapple with the economic impacts of the coronavirus pandemic. Initial weekly jobless claims came in at 1.3 million for the week ending July 11, the Labor Department said Thursday. Economists polled by Dow Jones expected 1.25 million. It …

Business Insider reports: US weekly jobless claims totaled 1.3 million in the week that ended Saturday, the Labor Department said Thursday. That came in lower than the consensus economist estimate of 1.38 million compiled by Bloomberg. In just a few months, the roughly 50 million unemployment claims filed during the coronavirus pandemic have far surpassed the roughly 37 million during …

Business Insider reports: US weekly jobless claims totaled 1.5 million in the week that ended Saturday, the Labor Department said on Thursday. That slightly exceeded the consensus economist estimate of 1.3 million, according to Bloomberg data. In just a few months, total layoffs due to the coronavirus pandemic surpassed the roughly 37 million Americans who filed for benefits during the …

USA Today reports: Three months into the coronavirus crisis, the U.S. economy is reopening and many Americans are going back to work. But hundreds of thousands are still being laid off. About 1.5 million workers filed applications for unemployment insurance for the first time last week, the Labor Department said Thursday. That pushes the running tally of those who have …

The New York Times reports: The Trump administration does not plan to back the extension of expanded unemployment insurance benefits beyond the end of July, citing concerns that workers are opting to take the generous benefits instead of going back to their jobs. Larry Kudlow, the director of the National Economic Council, said on Sunday that the White House would …

CNBC reports: The pace of unemployment claims declined again last week as the U.S. jobs market continued its plodding recovery from the coronavirus pandemic, Labor Department data showed Thursday. Initial claims totaled 1.54 million, compared with the 1.6 million expected from economists surveyed by Dow Jones and a plunge of 355,000 from the previous week’s total just shy of 1.9 …

The New York Times reports: The Federal Reserve left interest rates unchanged and near zero on Wednesday as the central bank projected a slow economic recovery from the pandemic-induced recession. In their first economic projections this year, Fed officials indicated that they expected the unemployment rate to end 2020 at 9.3 percent and remain elevated for years, coming in at …

Reuters reports: The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the economic downturn caused by the COVID-19 pandemic was bottoming. The Labor Department’s closely watched monthly employment report showed the jobless rate dropped to 13.3% last month from 14.7% in April. Nonfarm payrolls …

The Guardian reports: Another 1.9 million Americans filed for unemployment benefits last week as the total number of claims passed 42 million since the coronavirus pandemic hit the US. The pace of layoffs has slowed dramatically from its peak of 6.6M at the start of April as states start to relax quarantine orders and last week was the ninth consecutive …

USA Today reports: About 2.1 million Americans filed initial unemployment benefit claims last week, the Labor Department said Thursday. In just ten weeks, 40.7 million have sought jobless benefits that represent the nation’s most reliable gauge of layoffs. A record 20.5 million jobs were lost in April, according to the Labor Department, spiking the unemployment rate to 14.7%, the highest …

CNBC reports: First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March. …

Mediaite reports: “Mr. President, why haven’t you announced a plan to get 36 million unemployed Americans back to work. You’re overseeing historic economic despair. What’s the delay?” questioned the reporter, prompting President Trump to reply, “Oh, I think we’ve announced a plan. We’re opening up our country.” “Just a rude person, you are,” he snapped, before continuing, “We are opening …

Yahoo Finance reports: The COVID-19 pandemic’s continued impact on the labor market was highlighted Thursday morning when the U.S. Labor Department released its weekly initial jobless claims report. Another 2.981 million Americans filed for unemployment benefits in the week ending May 9 surpassing economists’ estimates for 2.5 million jobless claims for the week. The prior week’s figure was revised higher …

ABC News reports: The U.S. economy lost an unprecedented 20.5 million jobs in April and the unemployment rate soared to 14.7 percent, up from 4.4 percent in March after months at a half-century low, according to the monthly employment report, released Friday by the Department of Labor. In just over a month, the coronavirus has wiped out all job gains …

CNBC reports: Unemployment rolls continued to swell in the U.S. last week, though jobless claims hit their lowest level since the economy went into lockdown made to battle the coronavirus pandemic. First-time filings for unemployment insurance hit 3.27 million last week, bringing the total to 33.5 million over the past seven weeks, the Labor Department reported Thursday. The total was …

USA Today reports: About 30 million Americans filed for unemployment benefits over the past six weeks, a grim marker revealing how badly the coronavirus pandemic has crippled the U.S. economy. Roughly 3.8 million people filed for unemployment last week alone, the Labor Department said Thursday, lower than the 4.4 million who filed the week before and down from the all-time …

NBC News reports: Another 4.4 million Americans filed for initial jobless claims last week, revealing that at least 26 million people have requested unemployment benefits since the outbreak of the coronavirus pandemic. In just one month, all job gains since the Great Recession have disappeared, according to new data released Thursday by the Department of Labor. The economy had created …

NBC News reports: Around 5 million more people filed for first-time unemployment claims last week, as the job market in every sector of the economy continues to be devastated by the coronavirus pandemic. The staggering weekly number comes as President Donald Trump weighs plans to pull back on the social distancing measures that have shuttered businesses across the country, and …

NPR reports: The number of people seeking unemployment benefits shot up again last week, as 6.6 million more people filed initial claims, the Labor Department said Thursday. And analysts expect the numbers to keep rising in coming weeks. About 17 million have filed in the past three weeks. In the prior week, ending March 28, a revised 6.9 million people …