Quick Facts
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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
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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
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1 in 6 American Workers Seeking Unemployment Aid
More than 3.8 million laid-off workers applied for unemployment benefits last week as the US economy slid further into a crisis that is becoming the most devastating since the 1930s, per the AP . Roughly 30.3 million people have now filed for jobless aid in the six weeks since... Go to Source Author:
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Tupac Shakur Files for Unemployment, Confusion Ensues
It’s no joke—Tupac Shakur lives in Kentucky and needs unemployment benefits to pay his bills. The Lexington man’s name was brought up by Gov. Andy Beshear on Monday night as he spoke about how the state is trying to process all unemployment claims filed in March amid the coronavirus... Go to Source Author:
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Las Vegas Is Reeling
New York City may be the epicenter of the coronavirus outbreak in terms of illnesses, but when it comes to job losses, the New York Times declares Las Vegas to be "ground zero." The broad strokes are simple enough: About a third of the local economy is tied up in... Go to Source Author: John Johnson
