Blog
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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
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Millions More Join the Ranks of the Unemployed
Another 3.2 million Americans filed for unemployment benefits last week, bringing the total over seven weeks to 33.5 million—or one in five Americans who were employed as of February, per the AP . Economists had predicted 3 million claims, Reuters reports. The week ending May 2 was the... Go to Source Author: Arden Dier
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Kevin Spacey Compares Your Pain to His Pain
Kevin Spacey is back in the news for the first time in months—this time for comparing his professional exile to the lockdown triggered by the coronavirus pandemic, Mediaite reports. "I don't often like to tell people that I can relate to their situation because I think it undermines the... Go to Source Author: Neal Colgrass
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California No Longer Leads in Unemployment Claims
More people—432,465—filed for unemployment benefits last week in Florida than in any other state. California, which reported 328,042 new filings, had led the nation for four weeks, CNBC reports. They're among the more than 3.8 million people who applied for unemployment benefits nationally last week.... Go to Source Author: Bob Cronin
