Blog
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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
