The rate reflects parts of the economy reopening in the wake of the coronavirus pandemic. An unexpected drop in the unemployment rate set off a fresh round of debate on Friday over how fast the economy can rebound from the coronavirus pandemic and how much the government should intervene to help. The unemployment rate fell …
Surprise unemployment drop sparks debate over how fast the economy will rally Read More »
Black workers are more likely to be out of a job, to have lost income or to have left the labor market altogether, economic data and surveys show. The economic meltdown that has devastated the country amid the coronavirus pandemic has proven uniquely damaging for black Americans, threatening to exacerbate an already staggering racial wealth …
Mounting unemployment crisis fuels racial wealth gap Read More »
The ten-week total for claims reached 40.8 million, suggesting about a quarter of the workforce has lost jobs during the coronavirus pandemic. Workers filed 2.1 million new unemployment claims last week, the Department of Labor reported, suggesting about a quarter of the workforce is seeking jobless aid to weather the economic crisis caused by the …
SACRAMENTO — California state lawmakers unleashed their frustrations about the state’s unemployment system Thursday, demanding answers from an agency director about the problems their jobless constituents have endured trying to access the financial lifeline during the pandemic. “We’ve never heard the type of suffering people are experiencing right now,” said Assemblyman David Chiu (D-San Francisco). …
California lawmakers blast ‘atrocious’ UI system overloaded with 4.9M claims Read More »
A total of 38.6 million workers have now applied for unemployment assistance over the past nine weeks. Another 2.4 million workers filed new unemployment claims last week, DOL reported, suggesting that the economic pain from the coronavirus is continuing even as states begin to allow businesses to reopen. The coronavirus has forced nearly 39 million …
Unemployment claims rise by 2.4 million as states try to open for business Read More »
Federal Reserve Chair Jerome Powell on Sunday warned that the nation’s unemployment rate could soar to 25 percent during the worst of the coronavirus crisis, though he said the economy should recover more quickly than during the Great Depression, when joblessness last reached those levels. “Those numbers sound about right for what the peak may …
Fed’s Powell warns unemployment could reach Depression-level 25 percent Read More »
Thursday’s report brought the eight-week total of coronavirus-induced layoffs to 36.5 million. Workers filed nearly 3 million new unemployment claims last week, the Labor Department reported Thursday, signaling that a wave of coronavirus-induced layoffs is continuing as the country struggles to reopen for business. The latest number, which covers the week ending May 9, pushed …
Labor Department reports 36.5 million unemployment claims over 2 months Read More »
The U.S. economy lost 20.5 million jobs in April, taking payroll employment back to levels last seen in spring 2011 when the economy was recovering from the Great Recession, and the unemployment rate jumped by a historic amount to 14.7%, according to figures released Friday by the U.S. Bureau of Labor Statistics. The unemployment rate for white …
Economy Loses 20.5 Million Jobs in April; Unemployment Jumps to 14.7% Read More »
The difficulties caused to workers by record unemployment during the pandemic are a product of capitalism. Most of the time, employers decide to hire or fire workers depending on which choice maximizes employers’ profits. Profit, not the full employment of workers nor of means of production, is “the bottom line” of capitalism and thus of …
Unemployment claims remained high last week at 6.6 million, the Labor Department reported, as massive job losses continued to pile up due to the coronavirus pandemic. The claims, for the week ending April 4, flooded in as confirmed coronavirus cases approached 300,000 and as nearly every state ordered its citizens to stay at home. Economic …
Unemployment claims near 17 million in three weeks as coronavirus ravages economy Read More »
Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.
