New U.S. unemployment claims have reached their highest level in close to a year. According to Labor Department data released Thursday (Aug. 1), jobless claims for the week ending July 27 rose to 249,000, from 235,000 the prior week. It’s the highest number since the...
Will we look back at today as the turning point in the battle against the pandemic — not in terms of vaccines or flattened curves, but in terms of the job market? Headline numbers released Friday (June 5) by the Labor Department show that the...
Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is still optimism among the nation’s workforce. More than 78 percent of unemployed workers told the government they expect their layoffs...
The latest jobless report illustrates the devastation caused by COVID-19, as the U.S. Bureau of Labor Statistics released the worst unemployment numbers in the nation’s history. Nonfarm jobs fell by 20.5 million in April, and the unemployment rate rose to 14.7 percent from a half-century low...
August 18, 2024
Economists at Goldman Sachs have lowered the likelihood of a U.S. recession. As Bloomberg News reported Saturday (Aug. 17), the banking giant now gives an economic downturn a 20% chance of happening, down from 25%, based on recent retail sales and unemployment claims data. And assuming the next jobs report — set to be released […]
August 01, 2024
New U.S. unemployment claims have reached their highest level in close to a year. According to Labor Department data released Thursday (Aug. 1), jobless claims for the week ending July...
May 08, 2020
Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is still optimism among the nation’s...
May 08, 2020
The latest jobless report illustrates the devastation caused by COVID-19, as the U.S. Bureau of Labor Statistics released the worst unemployment numbers in the nation’s history. Nonfarm jobs fell by 20.5...
