The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
July 16, 2020GovernmentBusiness
Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid
More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.
July 9, 2020GovernmentBusiness
US Unemployment Falls to 11.1%; Trucking Adds 8,000 Jobs
The U.S. unemployment rate fell to 11.1% in June according to the Labor Department as the economy added 4.8 million jobs and the easing of coronavirus-related restrictions allowed more businesses to reopen while bringing back some of their employees.
July 2, 2020GovernmentBusiness
US Initial Jobless Claims Worse Than Forecast for Second Week
The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.
June 25, 2020GovernmentBusinessSafety
Hiring Rose in 46 States in May; Jobless Rates Still High
Employers added jobs in 46 states last month, evidence that the U.S. economy’s surprise hiring gain in May was spread broadly across the country — in both states that began reopening their economies early and those that did so only later.
June 19, 2020GovernmentBusiness
1.5 Million More Laid-Off Workers Seek Unemployment Benefits
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work.
June 18, 2020GovernmentBusiness
Jobless Claims Extend Gradual Decline, Remain Elevated
Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.
June 11, 2020GovernmentBusiness
US Unemployment Drops Unexpectedly to 13.3%
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers faster than economists had predicted.
June 5, 2020GovernmentBusiness
US Jobless Claims Slow While Underscoring Persistent Weakness
As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing — though far from a halt — in job losses.
June 4, 2020GovernmentBusiness
Survey: 2.76 Million Layoffs in May, Far Fewer Than Expected
U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.
June 3, 2020