Author Archive
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Trump: It’s a ‘Great Day’ for George Floyd
"Victory lap." That's the term used by the AP and CNN to describe President Trump's reaction to Friday's surprisingly strong jobs report . "This shows that what we've been doing is right," Trump said in the Rose Garden, referring to the White House push to reopen the nation amid the pandemic.... Go to Source Author: Newser Editors
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It’s a Stunner: Eye-Popping Number of Jobs Added
Heading into the release of Friday's jobs report, economists expected millions more job losses and an unemployment rate at or even above 20%, per the AP . Not even close. Employers actually added 2.5 million jobs in the month, and the unemployment rate dropped from 14.7% to 13.3%,... Go to Source Author: John Johnson
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Millions More Jobless in US, but a Small Bright Spot
Roughly 2.1 million people applied for US unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak... Go to Source Author:
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Here’s Where Jobs Have Taken Hardest COVID Hit
Since the coronavirus has found its way to the United States, the economic ramifications have been devastating, leaving unprecedented numbers of people out of work and businesses folding. WalletHub looked at all 50 states and the District of Columbia to see which have been suffering the most on the jobs... Go to Source Author: Jenn Gidman
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Unprecedented Jobless Figures Go Even Higher
More than 2.4 million people applied for US unemployment benefits last week, per the AP . That means roughly 38.6 million people have now filed for jobless aid since the coronavirus forced businesses to shrink their workforces, the Labor Department said Thursday. The figure is slightly below last week's... Go to Source Author:
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Jobless Claims Add to Jarring New Normal
The bleak number keeps growing: Nearly 3 million laid-off workers applied for US unemployment benefits last week, per the AP . That means roughly 36 million people have now filed for jobless aid in the two months since the coronavirus forced millions of businesses to close their doors and shrink their... Go to Source Author:
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This Time, Women Are Hit Harder by Job Losses
American women reached a milestone in December, holding just over 50% of the nation's payroll jobs. "It’s a milestone because it’s really heralding the future and not just telling us where we are today," a professor said when the figures were released in January, the Washington Post reported. Just a... Go to Source Author: Bob Cronin
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Trump’s Top Economic Advisers Warn Things Will Get Worse
The US economy is in rough shape, and things are going to get worse. That was the dire prediction from not one but two of the White House's top economic advisers Sunday, per the Washington Post : "The reported numbers are probably going to get worse before they get better,” Treasury... Go to Source Author: Evann Gastaldo
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Unemployment Rate Officially Worst Since Great Depression
Everyone knew the numbers were going to be bad —and the numbers are bad. The unemployment report released Friday morning shows that 20.5 million Americans lost their jobs in April as the pandemic shutdown took full effect, reports the AP . The figure is staggering but actually a bit better... Go to Source Author: Newser Editors
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What to Expect From Today’s ‘Devastating’ Jobs Report
The monthly jobs report is out at 8:30am Eastern time Friday, when we'll find out just how grim the April employment numbers are. The March report was "shocking," without even showing the true brunt of the coronavirus pandemic's impact since the relevant surveys end mid-month. Media outlets are frequently... Go to Source Author: Evann Gastaldo
