employment

Some 1.5 million Americans applied for unemployment benefits last week even as the US emerged from its coronavirus lockdown, the feds said Thursday. Thursday’s figures from the US Department of Labor show more than 44 million people — or roughly 28 percent of the US workforce — tried to join the nation’s unemployment rolls in …

The unemployment rate dropped over the past month as the economy added 2.5 million jobs, defying predictions of additional layoffs in the wake of the coronavirus pandemic. Unemployment now sits at 13.3 percent, falling from 14.7 percent in April. Many economists had expected the unemployment rate to reach 20 percent or higher. The Bureau of …

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the workplace and the spread of the virus. JOB CONCERNS: Mall operator CBL & Associates warned Friday in a regulatory filing that there’s “substantial doubt” that it will …

Another 1.9 million Americans filed for unemployment benefits last week, bringing the total of jobless claims since the coronavirus pandemic began up to 42 million. The level of new claims outpaced the Dow Jones estimate of 1.775 million. However, last week’s new claims were still lower than the previous week’s total, which were revised upwards …

Nearly 1.9 million Americans applied for unemployment benefits last week as the coronavirus crisis put 42 million people out of work in less than three months, new data show. The weekly figure reported by the US Department of Labor continued its steady decline to fall below 2 million for the first time since mid-March. Yet …

Protests are dividing the US, a bitter spat over Hong Kong is brewing, a pandemic continues to rage worldwide — and the stock market is surging. The Dow Jones industrial average soared 527.24 points on Wednesday, or more than 2 percent, to close at 26,269.89, as Wall Street continued to shrug off spectacular images of …

An additional 2.1 million Americans filed unemployment claims last week, the Department of Labor announced Thursday, bringing the total number of unemployed Americans to over 40 million. Continuing unemployment claims dropped last week for the first time since the coronavirus pandemic began, a sign that the economic destruction from the coronavirus is beginning to slow …

The coronavirus crisis has put more than 40 million Americans out of work, according to new federal data showing another 2.1 million people applied for unemployment benefits last week. The workers sidelined by the pandemic in the past 10 weeks now outnumber the entire population of California and account for roughly 26 percent of the …

US consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole amid record unemployment. Signs the downturn could be close to bottoming were bolstered …

Scammers posing as out-of-work residents have bilked Washington State out of “hundreds of millions of dollars” in unemployment benefits, a top official said. The fraudsters submitted bogus unemployment claims under the names of tens of thousands of people whose personal information had been stolen, said Suzi LeVine, commissioner of the state’s Employment Security Department. “I …