Quick Facts
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It’s by Far the Worst String of Layoffs on Record
More than 4.4 million laid-off workers applied for US unemployment benefits last week as job cuts escalated across an economy that remains all but shut down. Roughly 26 million people have now filed for jobless aid in the five weeks since the coronavirus outbreak began forcing millions of employers... Go to Source Author:
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With Millions More Laid Off, a Dire Prediction From Economists
The wave of layoffs that has engulfed the US economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week. Roughly 22 million have sought jobless benefits in the past month—easily the worst stretch of US job losses on record. All told, nearly... Go to Source Author:
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Jobless Claims Swell by Another 6.6M
With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark: Roughly one in 10 workers have lost their jobs in just the past three weeks, per the AP . The figures collectively constitute the largest and fastest string of job losses... Go to Source Author:
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Jobless Report Is Out: ‘There’s No Comparison to This Shock’
For the last 113 straight months, the first Friday of each month came with a question: How many new jobs were created over the previous 30 days? No more, thanks to the coronavirus. The epic streak came to an abrupt end with Friday's unemployment report for March, which shows that... Go to Source Author: John Johnson
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Grim Numbers Expected in Today’s Jobs Report
After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus. Economists have forecast that the government will say employers shed about 150,000 jobs... Go to Source Author:
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Stunning Report: 6.6M Applied for Unemployment Last Week
More than 6.6 million Americans applied for unemployment benefits last week, doubling a record high set just one week earlier—a sign that layoffs are accelerating in the midst of the coronavirus. The stunning report Thursday from the Labor Department showed that job cuts are mounting: The figure for... Go to Source Author:
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Jobless Claims Clock in at Quadruple the 1982 Record
Nearly 3.3 million Americans applied for unemployment benefits last week—more than quadruple the previous record set in 1982—amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Filings... Go to Source Author:
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Strong Jobs Report Comes With a Dose of Caution
The latest jobs report is in, and it's a strong one. Employers added 273,000 jobs in February, well above expectations of 175,000, reports the Wall Street Journal . The unemployment rate ticked down from 3.6% to a 50-year low of 3.5%, notes the AP . Both stories, however,... Go to Source Author:
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A ‘Sour Note’ on Jobs, but Still a 10-Year Milestone
The last jobs report of 2019 and the decade came in shy of expectations. Employers added 145,000 jobs in December, lower than the expected 160,000 and enough to qualify as a "sour note," reports CNBC . Still, the figure caps the 10th straight year of payroll gains, the longest... Go to Source Author:
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Unemployment Hasn’t Been This Low in 50 Years
The new jobs report is out, and it's a robust one. Employers added 266,000 jobs in November, easily beating estimates of 187,000, reports CNBC . Part of the surge reflects the end of a strike at GM, but the figure still represents the strongest month since January of this... Go to Source Author: Newser Editors
