Unemployment Archives

Employment National

One-Eighth of US Workers Getting Jobless Benefits

July 9, 2020July 9, 2020 AMANDA PAMPURO

Labor Department, Unemployment

(CN) — The insured unemployment fell 0.5% last week, as 1.3 million Americans filed new claims and 32 million received

Economy Employment National

Hiring Hit Record High in May as Layoffs Fell Sharply

July 7, 2020July 7, 2020 KEVIN LESSMILLER

coronavirus, Labor, U.S. Economy, Unemployment

American employers hired a record 6.5 million workers in May and layoffs dropped to a pre-pandemic level as state economies began reopening.

Economy Financial

Improved Jobs Numbers Barely Register on Wall Street

July 2, 2020July 2, 2020 NICK RUMMELL

coronavirus, U.S. Economy, Unemployment

Another positive jobs report did not spark a rally on Wall Street, as investors closed out the week before July 4 with only moderate gains.

Business Economy Health National

US Added 4.8 Million Jobs in June, Jobless Rate Fell to 11.1%

July 2, 2020July 2, 2020 KEVIN LESSMILLER and JACK RODGERS

coronavirus, Labor, U.S. Economy, Unemployment

The American economy added 4.8 million new jobs in June as the unemployment rate ticked down to 11.1%, but a new surge in coronavirus cases this summer threatens to abruptly halt recovery.

Economy Employment National

Insured Unemployment Dips, Iceberg of Job Loss Remains

July 2, 2020July 2, 2020 AMANDA PAMPURO

U.S. Economy, Unemployment

Across the U.S. a group equivalent to the population of San Diego filed initial jobless claims last week. Some 1.4 million Americans applied for unemployment benefits on top of the 20.3 million receiving them.

Economy Financial

Wall Street Can’t Muster Up Another Rally for Impressive Jobs Numbers

July 1, 2020July 1, 2020 NICK RUMMELL

Bailout, Stocks, U.S. Economy, Unemployment

Payroll numbers were surprisingly positive, but Wall Street reacted Wednesday with much less enthusiasm than it displayed after last month’s shocking jobs report.

Economy Financial Securities

Wall Street Marks Bleak Jobs Report and Soaring Virus Numbers

June 25, 2020June 25, 2020 NICK RUMMELL

coronavirus, Stocks, U.S. Economy, Unemployment

Markets failed to regain losses from Wednesday as new unemployment claims remain stubbornly high along with cases of Covid-19.

Economy Employment Financial

Insured Unemployment Dips as Covid-19 Infections Rise in US

June 25, 2020June 25, 2020 AMANDA PAMPURO

coronavirus, Labor Department, U.S. Economy, Unemployment

Some 1.48 million Americans sought jobless benefits last week for the first time, joining the roughly 19.5 million people already getting benefits, the Department of Labor reported Thursday.

Economy Employment Government Health

California Unemployment Rate Remains High Amid Reopening

June 19, 2020June 22, 2020 NICK CAHILL

California, coronavirus, Labor, retail, Unemployment

The soft reopening of the largest economy in the United States couldn’t stem California’s abysmal unemployment trend as officials on Friday pegged the state’s jobless rate above 16%.

Economy Financial Securities

Stocks Take Note as Jobs Report Portends Deeper Hurt From Virus

June 18, 2020June 18, 2020 NICK RUMMELL

coronavirus, Stocks, U.S. Economy, Unemployment

Wall Street flattened on Thursday as unemployment numbers remained largely the same as the week before, indicating recent positive indicators don’t tell the economy’s full story.

Economy Employment Financial Securities

Leveled-Off Unemployment Does Little to Rally Investors

June 18, 2020June 18, 2020 NICK RUMMELL

Stocks, U.S. Economy, Unemployment

Markets fell slightly on Thursday as new unemployment claims have started to level off.

Employment Health

Four Points Higher Than in Great Recession: 14% Still Out of Work

June 18, 2020June 18, 2020 AMANDA PAMPURO

coronavirus, Unemployment

As the country rides atop a crest of Covid-19 infections, the U.S. insured unemployment rate remains an uncomfortably consistent 14%, the U.S. Department of Labor reported Thursday.

Economy Financial Government Health Securities

Nasdaq Offers Pale Bright Spot on Tide of Sinking Markets

June 17, 2020June 17, 2020 NICK RUMMELL

Congress, coronavirus, Federal Reserve, Stocks, U.S. Economy, Unemployment

Wall Street’s hopes for four days of unbroken gains ended on Wednesday as markets dipped slightly.

Economy Employment

Virus-Linked Recession Has Been Most Brutal for Women, Minorities

June 11, 2020June 11, 2020 NICK RUMMELL

coronavirus, Labor, U.S. Economy, Unemployment

It is said that the Covid-19 pandemic does not discriminate. But the related economic downturn clearly does.

Economy Financial Securities

New Virus Cases Put Stocks in Free Fall to Early Lockdown Levels

June 11, 2020June 12, 2020 NICK RUMMELL

coronavirus, Stocks, U.S. Economy, Unemployment

MANHATTAN (CN) — Wall Street posted its worst day since state lockdowns began, with markets plummeting on news that new

Economy Government Health Politics

Labor Secretary Opposes Extension of Coronavirus Jobless Benefits

June 9, 2020June 10, 2020 TIM RYAN

coronavirus, Labor Department, Trump administration, U.S. Economy, U.S. Senate, Unemployment

As senators debate the future of an expanded unemployment benefit passed in response to the coronavirus pandemic, Labor Secretary Eugene Scalia said Tuesday Congress should not extend the program beyond July 31 as economic indicators begin to tick up.

Economy Financial Health Securities

Still in the Woods: Markets Cool Off as Covid Infections Mount

June 9, 2020June 9, 2020 NICK RUMMELL

coronavirus, Stocks, U.S. Economy, Unemployment

Markets regained some of their early morning losses on Tuesday but still ended down for the day, ending hopes for a seven-day rally.

Economy Employment National

Job Openings Plunged in April as Millions Were Laid Off

June 9, 2020June 10, 2020 KEVIN LESSMILLER

coronavirus, Labor, U.S. Economy, Unemployment

The number of open jobs advertised by employers plummeted by nearly a million in April while layoffs continued at historic levels, another sign of the coronavirus pandemic’s devastating impact on the U.S. economy.