California Bounceback Continues With Pandemic-Era Job Creation Record
For the second straight month the state led the nation with over 100,000 new jobs as workers appear eager to finally rejoin the workforce.
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Unemployment
Economic Recovery Speeds Up With 916,000 New Jobs
The U.S. economy recorded the biggest gain in jobs since last summer in March, giving hope for strong growth this year as more Americans get vaccinated and states lift restrictions.
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California Unemployment Dips to Lowest Mark of the Pandemic
Thanks to a hiring spree within the hospitality and tourism industry as the result of weakened pandemic restrictions, California employers added 140,000 jobs in February, reducing statewide unemployment to 8.5%.
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Fed Predicts Economic Growth Surge in 2021, but No Rate Hike
The central bank says the future of the U.S. economy looks much brighter and predicts the unemployment rate to drop off as more people get vaccinated and relief programs deliver much-needed aid.
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California Unemployment Continues to Outpace US Average
The state reported 9% unemployment for January as its restaurant and tourism industry lost over 70,000 jobs as the pandemic soared to new heights of horrible.
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Second Day of Delay on Covid Stimulus as Senators Debate Minimum Wage
Senators began forming a final Covid-19 relief bill on Friday but were delayed for hours after debate upon an amendment to increase the minimum wage to $15 an hour.
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Labor Market Picked Up Steam in February, Adding 379,000 Jobs
Employers added over twice as many jobs in February as they did the month before, showing the labor market is strengthening as coronavirus cases fall.
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Markets Record New Highs as Inflation and Unemployment Concerns Mount
Wall Street took a breather from last week’s massive rally but not so much that it still didn’t manage to eke out some record gains.
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With GameStop Short Squeeze Forgotten, Happy Times Are Here Again on Wall Street
The end of the GameStop saga, coupled with hopes for at least $1 trillion in new stimulus funds, has juiced Wall Street bulls to rally markets on their best week in months.
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Dismal Jobs Report Gives Oomph to Biden’s Case for Virus Relief
With approval from many top economists, Biden said his Covid relief package would quickly fuel economic growth and job creation.
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Surprise Tax Forms Reveal Extent of Unemployment Fraud in US
The problem could be most acute in California, where officials mailed close to 8 million tax forms last month — more than five times the number they send in a normal year.
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Employers Add Only 49,000 Jobs, Signaling Long Road to Recovery
The paltry increase was driven by gains in the government sector and the professional and business services industry. (CN)
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California Lawmakers Roll Out Plans to Overhaul Flailing Unemployment Department
The reform package calls for stricter oversight, a streamlined application process and new fraud prevention systems to prevent more unemployment benefits from reaching inmates and imposters.
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Pandemic Job Loss Cause for Moving, Pew Study Shows
Americans moved over the summer to get away from the risk of getting Covid-19; now another Covid-19 risk has got them packing.
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Lawmakers Take California’s Unemployment Agency to Task at Oversight Hearing
Lawmakers grilled California’s Employment Development Department following two withering audits revealing mismanagement and poor planning.
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Fraud Rampant in California Unemployment Office: Audit
Imposters and inmates in California filed unemployment claims using fake names like “Poopy Britches” and in one case assuming the identity of a sitting U.S. senator.
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Audit Slams California Employment Department Over Pandemic Failings
The myriad shortcomings at the California Employment Development Department have existed — and were audited — since at least the Great Recession, over a decade before the coronavirus pandemic washed California jobs away.
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Job Losses From Virus 4 Times as Bad as ’09 Financial Crisis
Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday.
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California Jobless Rate Climbs Amid New Covid Shutdowns
The latest round of coronavirus shutdowns has pushed California’s unemployment rate to 9% as the state’s jobs recovery continues to lag behind rest of the nation.
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Pandemic Raises Japan Suicide Rate After Decade of Decline
The number of people taking their own lives in Japan rose for the first time in over a decade last year, as the pandemic reversed years of progress combatting a stubbornly high suicide rate.
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