Author Archive
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Dec. 26 Could Be a Rough Day for 12M People
When Todd Anderson lost his job doing landscape design for resorts in the spring, the single dad of four from Mackinaw City, Mich., began selling off his belongings. He squeaks by on the $362 he receives each week in unemployment benefits, reports NPR . But he’s about to lose that, too.... Go to Source Author: Arden Dier
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October Jobs Report Stronger Than Expected
The new monthly jobs report is out, and it's stronger than expected, reports CNBC . Employers added 638,000 jobs in October, above expectations of 530,000. The unemployment rate fell to 6.9%, down from 7.9% in September. Still, that remains well above the rate of 3.5% before... Go to Source Author: Newser Editors
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New Jobless Numbers Going in Wrong Direction
New unemployment data came out Thursday morning, and the numbers are not sitting well with Wall Street investors. The Labor Department says 898,000 people applied for jobless benefits last week, exceeding estimates by about 70,000, reports CNBC . The figure is up more than 50,000 from the previous... Go to Source Author: Newser Editors
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The Final Jobs Report Before the Election Is Out
The Labor Department released the final jobs report we'll have before the November election, and it was a mixed bag. The jobless rate fell further than expected, to 7.9% in September from 8.4% in August. But while the Wall Street Journal reports economists had expected about 800,000... Go to Source Author:
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6 Months In, Businesses Still Getting Squeezed
The number of people seeking US unemployment aid rose slightly last week to 870,000, showing that the viral pandemic is still squeezing businesses six months after it first erupted. The figure coincides with evidence that some newly laid-off Americans are facing delays in receiving unemployment benefits as state agencies... Go to Source Author:
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Unemployment Falls Under a Key Threshold
Companies are still hiring, just not as fast as they were. The Labor Department reported Friday that employers added 1.4 million jobs in August, down from about 1.8 million in July, per CNBC . But the overall unemployment rate dropped from 10.2% to 8.4%, marking the first... Go to Source Author: Newser Editors
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Jobless Claims Remain Above a Big Threshold
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales, and other segments of the economy rebound from a springtime collapse, per the AP . The Labor Department reported Thursday that the number... Go to Source Author:
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Jobless Claims Milestone Is Short-Lived
The number of laid-off workers seeking US unemployment benefits rose to 1.1 million last week after two weeks of declines, evidence that many employers are still slashing jobs as the coronavirus bedevils the economy, per the AP . The latest figures, released Thursday by the Labor Department, suggest that more... Go to Source Author:
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A Welcome Milestone on Jobless Claims
Layoffs continue five months into the pandemic, but there is a silver lining. Unemployment claims dropped below 1 million last week for the first time since March. There were 963,000 new filings for state unemployment benefits in the week ending Aug. 8—a drop of 228,000 claims from... Go to Source Author: Arden Dier
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‘We’ve Had It’: Trump Signs 4 Executive Orders
Seizing the power of his podium and his pen, President Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed, the AP reports. At... Go to Source Author:
