jobs

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New Jobless Numbers Going in Wrong Direction

Nearly 900K applied for benefits last week

(Newser) - New unemployment data came out Thursday morning, and the numbers are not sitting well with Wall Street investors. The Labor Department says 898,000 people applied for jobless benefits last week, exceeding estimates by about 70,000, reports CNBC . The figure is up more than 50,000 from the previous...

The Final Jobs Report Before the Election Is Out

Unemployment rate falls to 7.9%

(Newser) - The Labor Department released the final jobs report we'll have before the November election, and it was a mixed bag. The jobless rate fell further than expected, to 7.9% in September from 8.4% in August. But while the Wall Street Journal reports economists had expected about 800,...

6 Months In, Businesses Still Getting Squeezed

Jobless claims ticked up last week

(Newser) - The number of people seeking US unemployment aid rose slightly last week to 870,000, showing that the viral pandemic is still squeezing businesses six months after it first erupted. The figure coincides with evidence that some newly laid-off Americans are facing delays in receiving unemployment benefits as state agencies...

Amazon Says It Has 33K Jobs. Average Pay: $150K

Company is hosting an online 'Career Day'

(Newser) - Amazon says it wants to help Americans get back to work—and not just in its warehouses. The company is hosting an online Career Day on Sept. 16, and it says it's mobilizing "more than 1,000 experienced recruiters and HR professionals to help job seekers across the...

Jobs Recovery Cools as Virus Cases Increase

Unemployment rate drops from 11.1% to 10.2%

(Newser) - The jobs recovery is continuing, just not as fast as in previous months. Employers added 1.8 million jobs in July, which in normal times would be a staggering number. But as the AP notes, it's down from 4.8 million in June and 2.7 million in May...

Hiring Is Stronger Than Expected in June

Unemployment dips to 11.1%, but this was before new round of shutdowns

(Newser) - US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring, per the AP . The nation has now...

Trump Points to Jobs Report as Cure for Race Issues
Trump: It's a 'Great Day'
for George Floyd
the rundown
Jun 5, 2020 12:12 PM CDT

Trump: It's a 'Great Day' for George Floyd

President celebrates the jobs numbers, speaks of need for 'fair treatment' from police

(Newser) - "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...

Millions More Jobless in US, but a Small Bright Spot

Layoffs are slowing as businesses start to reopen, rehire workers

(Newser) - 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...

Here's Where Jobs Have Taken Hardest COVID Hit

WalletHub looks at states where coronavirus has had the biggest effect on unemployment

(Newser) - 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...

Jobless Claims Add to Jarring New Normal

Nearly 3M more file for claims, bringing total to 36M in 2 months

(Newser) - 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...

Millions More Join the Ranks of the Unemployed

20% of US workers have filed for unemployment aid

(Newser) - 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...

Las Vegas Is Reeling
Las Vegas Is Reeling
IN CASE YOU MISSED IT
May 2, 2020 4:00 PM CDT

Las Vegas Is Reeling

Job losses unprecedented in a city built on hospitality and tourism

(Newser) - 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...

It's by Far the Worst String of Layoffs on Record

4.4M more file for unemployment benefits, bringing total to 26M over 5 weeks

(Newser) - 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...

With Millions More Laid Off, a Dire Prediction From Economists

After 5.2M more file for unemployment, unemployment rate could hit 20% in April

(Newser) - 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...

Jobless Report Is Out: 'There's No Comparison to This Shock'

March's report only scratches the surface of damage

(Newser) - 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...

'A Faint Glimmer of Light' Is Seen in the Economy

Some employers have a message for laid-off staffers

(Newser) - As millions of job cuts tear through the US economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they're letting go so they can more quickly rehire them once the viral outbreak has passed, the AP reports. Several large retail...

Each State Has Its Own 'Iconic' Job

24/7 Wall St. looks at the jobs that 'shape the identity' of every state

(Newser) - Each state that makes up the Fifty Nifty has a unique economy, culture, laws, and even industries and workers that help "shape the [identity]" of that state. To more closely examine the latter, 24/7 Wall St. looked at Bureau of Labor Statistics data on job concentration in all of...

A Bookstore Laid Off Hundreds. Then, This Took Its 'Breath Away'

Powell's, popular indie chain in Oregon, rehires more than 100 workers due to online ordering boom

(Newser) - A popular indie bookstore chain in Portland, Ore., let go most of its staff—more than 300 employees—earlier this month because of the coronavirus outbreak. Now, per the Los Angeles Times , Powell's has hired back more than 100 of those workers, thanks to a surge in buying books...

Obama Remarks on US Economy, Trump Hits Back

'Did you hear the latest con job?'

(Newser) - Presidents Day featured the current president of the United States going on the attack against a predecessor after President Trump became agitated by a tweet from former President Obama. Per the Hill , Obama started things off Monday morning by commemorating the 11th anniversary of his signing of the American Recovery...

On Trump's Approval Rating, a Historic Gap

He's at an all-time Gallup high of 49%, but an 87-point gap exists between Dems, Republicans

(Newser) - President Trump just got something to crow about from Gallup : The polling agency puts his approval rating at 49%, the highest since he took office. The key seems to be rising support among Republicans and independents. Trump has a 94% approval rating among Republicans, up 6 points from last month,...

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