Jittery Market Takes a Hit as Pandemic Numbers Surge Globally
Soaring coronavirus-related deaths and word of a fourth stimulus package caused markets to have poor openings Tuesday.
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Beleaguered Tenants Plan Rent Strikes
With millions of people suddenly out of work and rent due on Wednesday, some tenants are vowing to go on a rent strike until the coronavirus pandemic subsides.
Read moreMajor Retailers Lay Off Tens of Thousands
The governors of New York and California are moving to rapidly expand the ranks of health care workers, as the death toll from Covid-19 in New York surged past 1,200 while hospitalizations in California doubled in the past four days.
Read moreBroadway Seamstresses Step In Where Federal Government Fails
It took a handful of 3-D printing hobbyists and out-of-work Broadway seamstresses and costumers to do what the federal government has failed to do during the Covid-19 pandemic: send critically necessary masks and personal protective equipment to health care workers on the frontlines.
Read moreNew York High Court: Gig Workers Qualify for Unemployment Benefits
Food delivery drivers count as employees, not independent contractors, in New York state for the purposes of receiving unemployment, the state’s highest court ruled Thursday in the case of a Postmates delivery worker who filed for the benefits when he was fired after a week at the company.
Read moreConsecutive Gains Show Investor Optimism in Face of Spreading Virus
Unfazed by historic unemployment numbers, Wall Street built on its rally for the third straight day.
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US Economy Sheds Over 3 Million Jobs in a Week as Virus Takes Toll
A record 3.2 million Americans filed claims for unemployment benefits last week – nearly five times the previous benchmark set during the 1982 recession – as the Covid-19 pandemic wreaks havoc on the U.S. and global economies.
Read moreDow Up Another 2% Despite Record Unemployment Numbers
Despite mammoth unemployment claims by the Labor Department, weary investors traded positively as the $2 trillion stimulus package makes its way to the House.
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In New Orleans: ‘The Whole City Is Laid Off’
Barely a week ago, David McGraw was cooking daily for hundreds of fine diners at one of New Orleans’ illustrious restaurants. Today he’s cooking for himself at home — laid off along with hundreds of thousands of people across the country in a massive economic upheaval spurred by efforts to slow the spread of the coronavirus.
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Pandemic Already Spurring Spike in Unemployment Claims
Citing fallout from the Covid-19 pandemic, the U.S. Department of Labor reported a spike Thursday in unemployment claims.
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Virus-Related Unemployment Could Top 2008 Meltdown, UN Says
At its worst projections, the toll of the novel coronavirus COVID-19 on global unemployment could eclipse the 2008 financial crisis, the United Nations’ International Labor Organization estimated in a preliminary report Wednesday.
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US Job Openings Ticked Up Before Virus Slammed Economy
In a report that doesn’t reflect the impact of the coronavirus outbreak on the economy, the government said Tuesday that the number of open jobs rose to 7 million in January.
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House Democrats Reveal Coronavirus-Response Package
Countering economic plans from the White House centered on a payroll-tax cut, congressional Democrats unveiled an economic response to the coronavirus outbreak Wednesday that includes paid sick leave and expanded unemployment insurance.
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Economy Added 273,000 Jobs in February Ahead of Virus Impact
American employers added 273,000 jobs last month, signaling that the coronavirus outbreak has not yet affected the U.S. labor market.
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White House Touts Economic Growth, Downplays Obama Policies
The White House touted what it called unexpected economic growth in a new report Thursday, as officials brushed aside the idea that the Obama administration should be given credit for the longest expansion on record.
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US Job Postings Drop to Two-Year Low
American employers advertised 6.4 million open jobs in December, a continued decline that marks the lowest level in two years.
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US Economy Added Solid 225,000 Jobs in January
American employers beat expectations and added 225,000 jobs last month, while the unemployment rate rose slightly from a 50-year low as more people entered the labor force.
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Job Openings Fall to Lowest Level in Nearly Two Years
American businesses posted 6.8 million job openings in November, a sharp decline from the month before and the lowest number since February 2018.
Read moreSchool Employee Benefits
The California Supreme Court ruled that a group of substitute teachers and other school employees are eligible for unemployment benefits during the summer sessions that “resemble other academic terms of the school year in terms of enrollment, staffing, budget, instructional program or other objective criteria.”
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Economy Adds 145,000 Jobs as Unemployment Stays at 3.5%
American employers ended the last decade by adding 145,000 jobs in December, while the unemployment rate held steady at a 50-year low.
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