Blog
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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:
