employment

A record 3.2 million people applied for unemployment benefits last week as the coronavirus crisis forced layoffs around the US, the feds said Thursday. The seasonally adjusted total reported by the US Labor Department shattered expectations as well as the previous record of 695,000 initial jobless claims in a single week, which was set in …

Workers fired or dislocated by the coronavirus have big questions about everything from health care and unemployment benefits to fears of termination and Chinese virus exposure. Employment attorneys and other experts are being flooded with queries from people lacking immediate answers on their most basic rights in these unprecedented times, with many folks nervous about …

The US economy has fallen into a recession because of the Chinese virus pandemic that will make for a “brutal” three months ahead, Bank of America warned Thursday. The bank expects the nation’s gross domestic product to plunge a record 12 percent in the second quarter of this year after meager growth of 0.5 percent …

The number of people applying for unemployment benefits spiked by about a third last week in an early sign the Chinese virus pandemic is causing job losses around the US. Some 281,000 people filed initial jobless claims in the week ending March 14, the US Department of Labor said Thursday. That’s the highest number since …

Unemployment claims shot to the highest level in years last week as the coronavirus pandemic continued to spread across the country, forcing businesses to shut down and lay off thousands of workers. The Labor Department reported 281,000 new claims for unemployment insurance for the weeks of March 8, a spike of 70,000 from the previous week …

Treasury Secretary Steve Mnuchin on Tuesday warned Republican senators that the nation could see 20 percent unemployment