
Blog
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7 Months of Job Growth Just Ended
The relentless virus finally overtook new hiring. Employers shed 140,000 jobs in the US in December, reversing a trend of seven months of job growth, reports the Wall Street Journal . The unemployment rate stayed at 6.7%, which the AP notes is the first time it has not declined... Go to Source Author: Newser Editors
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New Jobless Claims Still at 4 Times Normal
The number of Americans seeking unemployment benefits fell by 19,000 last week but remained elevated at 787,000 as a resurgent coronavirus gripped the US economy. While at the lowest level in four weeks, the new figures released Thursday by the Labor Department are nearly four times higher than... Go to Source Author:
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‘Several People Broke Down Crying in Phone Interviews’
It's a rough read for Christmas Day. But the Washington Post interviews 10 people pushed to the financial brink because of the pandemic who can't understand why Congress and the White House haven't been able to agree on a relief package. "Several people broke down crying in phone interviews," write... Go to Source Author: Newser Editors
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New Jobless Claims Are, ‘in Absolute Terms, Bad News’
The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the US economy into recession and caused millions of layoffs. The latest figure, released Wednesday by the... Go to Source Author:
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Unemployment Claims Head in Wrong Direction
The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that companies are cutting more jobs as new virus cases spiral higher, per the AP . The Labor Department said Thursday that the number of applications increased from 716,000 the previous... Go to Source Author: