Tag: unemployment

November 20, 2020

White House trade adviser Peter Navarro said Friday that the top states with the highest unemployment are run by Democratic governors while those with the lowest unemployment are run by Republicans. Speaking to reporters outside the White House, Navarro noted […]

October 19, 2020

The CARES Act partially stabilised the financial health of many families facing unemployment and other economic hardships in the wake of COVID-19. However, millions of immigrants and their families who pay taxes and provide essential services were not eligible for […]

August 28, 2020

U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless. The July […]

July 30, 2020

The number of Americans applying for jobless benefits rose for the second straight week, a sign economic growth could be stalling in late July. Claims had been on a steady decline after peaking in late March. Initial jobless claims rose […]

July 2, 2020

The numbers: The U.S. added 4.8 million jobs in June and the unemployment rate fell for the second straight month to 11.1%, but the economy’s recuperation from the coronavirus might already be suffering a setback from a renewed surge in […]

June 5, 2020

The U.S. regained 2.5 million jobs in May and the unemployment rate fell to 13.3%, confounding Wall Street expectations for another big wave of layoffs and signaling the economy began to revive last month after probably the worst economic crisis […]

May 14, 2020

New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new […]

April 23, 2020

It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years. Coronavirus-induced business closures throughout the U.S. have fueled the number of Americans applying for state unemployment benefits. […]

April 20, 2020

The hits to the U.S. economy keep coming. This week’s upcoming reports on layoffs, housing, consumer confidence and the health of businesses are all going to be ugly. Again. The most timely snapshot of the deteriorating economy has been the […]

March 6, 2020

Nonfarm payrolls grew far more than expected in February as companies continued to hire leading into a growing coronavirus scare. The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate […]

February 25, 2020

The numbers: Americans began 2020 with the most confidence in the economy since last summer, buoyed by an interim trade deal with China, a soaring stock market and the lowest unemployment rate in 50 years. The closely followed index of […]

February 20, 2020

The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. There was encouraging news on the struggling […]

January 13, 2020

As long as Americans keep spending, the economy is all but certain to sidestep a recession in 2020 for a record 11th straight year. The crucial question is, can they? And the answer seems to be, quite clearly, yes. What’s […]

January 9, 2020

The U.S. economy probably added enough new jobs last month to push employment gains in 2019 above 2 million for the ninth straight year, but the pace of hiring is slowing. Here’s what to watch in the U.S. Labor Department’s […]

November 7, 2019

Weekly jobless claims have been so steady, they aren’t on many investors radar as a major report. But if this number suddenly started rising, that’s when it’s time to worry about the economy hitting the skids. So far, there is […]

October 24, 2019

The numbers: The number of people who applied for U.S. jobless benefits in mid-October fell slightly and clung near a 50-year low, showing the resilience of strong labor market that’s held up remarkably well in the face of a slowing […]

October 4, 2019

U.S. stocks rose at the start of trade Friday, reversing losses in premarket trade, after the Labor Department estimated that the American economy added 136,000 jobs in August, enough to let the unemployment rate to fall to a 50-year low […]

September 19, 2019

The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support a moderately growing economy. Initial claims for state unemployment benefits rose 2,000 to a […]

July 29, 2019

The monthly tab on how many new jobs are created in the U.S. is rarely shunted to the undercard, but another headliner is hogging all the attention. The Federal Reserve is widely expected this week to cut a key interest […]

July 3, 2019

The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to sustained labor market strength that should help support a slowing economy. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted […]