employment

An additional 2.4 million Americans filed jobless claims during the past week, bringing the total number of unemployed Americans to 38.6 million, or about 23 percent of the workforce. “The hemorrhaging has continued,” Torsten Slok, chief economist for Deutsche Bank Securities, told the New York Times. Stanford University economist Nicholas Bloom has authored a study claiming …

Another 2.4 million Americans applied for unemployment benefits last week as the number of workers sidelined by the coronavirus crisis topped 38 million, new federal data show. That indicates almost a quarter of the US workforce has tried to join the nation’s unemployment rolls in the past nine weeks as the pandemic kneecapped the global …

Close to three million people filed jobless claims in the past week, bringing the total number of unemployed Americans to 36 million. Some 21.8 percent of the American workforce is now unemployed, a result of mass business closures imposed to mitigate the spread of coronavirus. While the closures initially hit retailers, restaurants, and the hospitality …

More than 2.9 million Americans applied for unemployment benefits last week as the coronavirus crisis put more than 36 million people out of work in two months, according to new data. That means the pandemic has sidelined roughly 23 percent of the American labor force as it put the US economy into a deep freeze. …

Tribune Publishing and The Chicago Tribune Guild, the union representing its newsroom employees, have reached a tentative agreement to furlough 160 editorial staffers for one week in the months of May, June and July, while postponing discussions of longer-term furloughs until at least the end of July. The union tweeted the terms of the tentative …

Workers with the least education have been hit particularly hard by the economic devastation caused by the coronavirus pandemic, the jobless rate for workers with a high school degree rose to more than twice the rate for those with a college degree in April. As the coronavirus caused states to issue lockdown orders and all …

Several Senate Democrats are proposing a new coronavirus relief bill to supplement the initial direct cash payments provided to Americans as part of the phase-three CARES Act. Under the bill, introduced by Senators Kamala Harris (D., Calif.), Bernie Sanders (I., Vt.), and Ed Markey (D., Mass.), all Americans earning less than $120,000 per year would …

U.S. unemployment hit 14.7 percent in April amid the coronavirus pandemic, the highest unemployment rate since the Great Depression. The Bureau of Labor Statistics (BLS) reported Friday that the country lost 20.5 million jobs in April, “with particularly heavy job losses in leisure and hospitality.” The 10.3-point increase the unemployment rate from March to April …

The coronavirus has the US economy coughing up a lung. The nation lost a record 20.5 million jobs in April as the pandemic caused the worst economic crisis since the Great Depression, the feds said Friday. The mass layoffs sent the unemployment rate up to 14.7 percent — the highest ever recorded since the government …

The Department of Labor revealed Thursday that an additional 3.2 million Americans filed new jobless claims last week, bringing the total number of Americans seeking unemployment benefits to over 33 million since mid-March. The data aligned with predictions from economists, who expected 3 million new claims for the week ending May 2, and suggested numbers …