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Unemployment Claims Hit Highest Mark Since November

Despite strong job market, applications for jobless aid rose to 262K

(Newser) - The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the US job market continues to show signs of strength. Applications for jobless aid climbed by 14,000, to 262,000 and now have risen five out of the last...

New Jobless Claims Are, 'in Absolute Terms, Bad News'

They remain elevated at 803K

(Newser) - The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the US economy into recession and caused millions of layoffs. The latest figure, released Wednesday by the...

Virus Numbers Aren't the Only Ones On the Rise

Jobless claims are up, too, for the 2nd week in a row

(Newser) - The number of Americans applying for unemployment benefits rose last week for a second straight week, to 778,000, evidence that the US economy and job market remain under strain as coronavirus cases surge and colder weather heightens the risks. The Labor Department's report Wednesday said jobless claims climbed...

Jobless Claims Continue an 11-Week Streak

1.5M apply for benefits, but that's another decline from the previous week

(Newser) - About 1.5 million laid-off workers applied for US unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work. The Labor Department's largest figure marked the 11th straight weekly decline in applications since they peaked at nearly...

With Jobless Numbers, 'Recovery Appears to Be Underway'

But debate continues between GOP, Dems on whether to extend unemployment stimulus relief

(Newser) - America has started its economic recovery process, reopening businesses in phases across the nation, and the labor market numbers are beginning to reflect that. Per a Thursday release from the Department of Labor, the number of people drawing unemployment benefits for the week ending May 30 fell to 20.9...

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...

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...

'Worst-Case' Situation Spurs Creativity at Shutdown Bar

Owner decided to tear cash off establishment's walls to pay laid-off staffers

(Newser) - "We always had an inside joke: 'If anything goes bad, at least we have the money on the wall,'" Juliana Sodre tells Business Insider . Sodre, the co-owner of the Hott Leggz bar in Fort Lauderdale, Fla., adds that her establishment is now indeed facing such a...

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 Claims Clock in at Quadruple the 1982 Record

At nearly 3.3M

(Newser) - 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...

Finland Gave People Free Cash. Here's What's Happened So Far

They're not working much more, but they are happier and less stressed

(Newser) - Finland's basic-income experiment is one year into its two-year trial run, and the results so far are a mixed bag. In a European first, 2,000 or so out-of-work Finnish citizens between the ages of 25 and 58 were guaranteed a monthly tax-free paycheck of about $635 from the...

Workers in 'Panic Mode' Over Low Price of Oil

Oil rigs have shut down, leaving well-paid degree-less workers short on options

(Newser) - Countries around the world continue to be impacted in various ways from the oil price crash over the last year, and there's one demographic that's definitely feeling the negative effects: oil workers now out of jobs that were "more or less an economic lottery ticket for an...

America's Male Worker Is Dying —by Choice?

'Deep changes' mean more men are choosing not to work

(Newser) - The US once had one of the highest employment rates of the world's developed nations. Now, not so much. And men in particular aren't working as much as they used to. In 2000, 89% of men aged 25 to 54 went to work, compared to 95% in the...

Clown Canned for Shouting Insults at Black Family

At fair, he called mom 'nappy head,' 'unbeweaveable'

(Newser) - If you're a clown in a dunk tank at a carnival, part of your job is to gently egg on attendees so that they'll hand over a couple of bucks and try to sink you. But a Tennessee family says one performer crossed the line at the Delta...

Jobless Rate 6.6%, but That Fails to Impress

Just 113K new jobs created

(Newser) - Another disappointing jobs report: Just 113,000 jobs were created in January; economists had expected 189,000, and the average monthly gain in 2013 was 194,000. The unemployment rate did tick down to 6.6% from 6.7% , as had been expected; that's a 5-year low, the...

Unemployment Drops to 7.2%
 Unemployment Drops to 7.2% 
Oct 22, 2013 7:39 AM CDT

Unemployment Drops to 7.2%

148K new jobs added in September, though hiring slowed

(Newser) - The September jobs report is out today, delayed thanks to the government shutdown, and it reveals that the unemployment rate ticked down to 7.2% last month, while 148,000 jobs were added. Economists had expected the rate to hold steady at 7.3%, the Wall Street Journal notes, but...

Unemployment Hits 4-Year Low: 7.5%

As 165K jobs are added in April

(Newser) - Today's jobs report beat expectations: The unemployment rate fell to 7.5%, a four-year low, in April, and 165,000 jobs were created. Economists had expected 148,000 new jobs and an unemployment rate holding steady at 7.6%, the Wall Street Journal reports. More good news from the...

Ranks of Long-Jobless Shrink
 Ranks of Long-Jobless Shrink 
Jan 11, 2013 7:26 AM CST

Ranks of Long-Jobless Shrink

Suddenly, they're the ones who can find jobs

(Newser) - Recent months have brought positive signs for the long-term unemployed, allaying fears that the US would face a "structural unemployment" problem, with legions of perpetually unemployable people. The long-jobless shrunk to 39.1% of all job seekers in December, the first time the number has dipped below 40% in...

Unemployment May Be Just as Bad for Heart as Smoking
Unemployment May Be Just as Bad for Heart as Smoking
study says
Nov 22, 2012 2:58 PM CST

Unemployment May Be Just as Bad for Heart as Smoking

Study finds the more job losses, the more your risk of heart attack

(Newser) - Depressing news from a new study: Losing a job repeatedly could be just as bad for your heart as smoking, high blood pressure, or diabetes, Time reports. The study looked at more than 13,000 adults aged 50 to 75 and followed them for 18 years, finding a strong link...

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