WASHINGTON — A critical snapshot of the job market and the economy to be released Friday is expected to show a further deceleration in hiring as the nation’s viral caseload creeps higher and as government financial aid has faded.
When the […]
WASHINGTON — The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral pandemic is still squeezing restaurants, airlines, hotels and many other businesses six months after it […]
WASHINGTON — U.S. unemployment dropped sharply in August from 10.2% to a still-high 8.4%, with about half the 22 million jobs lost to the coronavirus outbreak recovered so far, the government said Friday in one of the last major economic […]
WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime […]
WASHINGTON — Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic now believe those jobs are lost forever, a new poll shows, a sign of increasing pessimism that would translate into roughly 10 million workers needing to […]
WASHINGTON — More than a million Americans sought unemployment benefits last week, indicating that companies are cutting more jobs as the resurgent coronavirus scythes through the Sunbelt and some of the nation’s most populous states.
Layoffs in Florida, Georgia and California […]
WASHINGTON — Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession.
The number of laid-off […]
WASHINGTON — President Donald Trump is exaggerating economic gains for African Americans during his administration.
He claims full credit for achieving the best economic figures for blacks across the board. That’s not accurate. Black unemployment did reach a low last year, […]
WASHINGTON — U.S. unemployment dropped unexpectedly in May to 13.3% as reopened businesses began recalling millions of workers faster than economists had predicted, triggering a big rally Friday on Wall Street and giving President Donald Trump something to boast about in […]
For weeks, critics said Wall Street’s big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation.
The S&P 500 jumped another 2.6% after a report said the U.S. job […]
WASHINGTON — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the […]
WASHINGTON — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
The total number of people who are […]
WASHINGTON — President Donald Trump and Senate Majority Leader Mitch McConnell huddled Thursday at the White House as Republicans stake out new plans to phase out coronavirus-related unemployment benefits to encourage Americans to go back to work.
Revamping jobless aid is fast […]
WASHINGTON — Signs of renewed business activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work. Yet with millions more Americans seeking unemployment aid last week, the […]
WASHINGTON — Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
Roughly 33.5 million people have now filed for jobless aid in […]
DETROIT— People of color have not only been hit harder by the deadly coronavirus than have Americans overall, but they’re also bearing the brunt of the pandemic’s financial impact, according to a recent survey from the The Associated Press-NORC Center […]
WASHINGTON — The new report that a knee-buckling 6.6 million more Americans filed for unemployment insurance makes it more urgent for Congress to approve a fresh jobs package, House Speaker Nancy Pelosi said Thursday.
Pelosi, D-Calif., also told reporters that she will […]
WASHINGTON — U.S. job openings fell 1.7% in August and hires edged down, bolstering views that the labor market may lose momentum as economic uncertainty and a manufacturing recession squeeze employers.
The Labor Department says employers advertised 7.1 million available […]
WASHINGTON — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market.
The Labor Department said Friday that the […]
WASHINGTON — Another month of strong hiring drove the nation’s unemployment rate down to 3.8 percent — tantalizingly close to the level last seen in 1969, when Detroit still dominated the auto industry and the Vietnam War was raging.
Employers […]
NEW YORK — The S&P 500 was on pace to erase its losses from earlier in the week, and interest rates climbed after a report on Friday showed that the strengthening U.S. job market remains on course.
The dollar rose […]
WASHINGTON — Sen. Marco Rubio says big businesses aren’t investing much of their windfall from President Donald Trump’s tax cuts into their workers despite GOP promises during last year’s debate.
“There is still a lot of thinking on the right […]
WASHINGTON — The number of Americans filing applications for unemployment benefits edged up again last week to a still-low 249,000. Meanwhile, the overall number of people collecting unemployment benefits fell to a near 44-year low, further evidence that Americans […]
WASHINGTON — U.S. job growth slowed in August as employers added 156,000 jobs, though still enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery from the Great Recession.
The unemployment rate […]
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AP FACT CHECK: Trump And His Familiar Falsehoods Trump Charges Into Battleground States Despite Rising Virus Copyright © 2020 Front Street. All Rights Reserved.