employment

US stocks ticked up Thursday as rising oil prices helped Wall Street shrug off another surge in Americans filing for unemployment benefits. The Dow Jones industrial average climbed as much as 227.85 points, or 0.9 percent, in early trading despite the US Labor Department reporting 4.4 million initial jobless claims last week, bringing the number …

More than four million Americans filed for unemployment last week, according to statistics released Thursday by the U.S. Labor Department. The total number of jobless Americans has increased by 26.5 million, almost 16 percent of the country’s labor force, since businesses began shuttering in mind-March to stem the spread of the coronavirus. In five weeks, …

The number of Americans put out of work by the coronavirus crisis grew to 26.4 million last week as another 4.4 million people applied for unemployment benefits, new federal data show. That suggests the pandemic has more than wiped out the 22.1 million jobs the US economy had added since October 2010, when the nation …

New York has applied for a $4 billion federal loan to help cover the ballooning cost of unemployment benefits amid the coronavirus crisis, officials said. The Empire State could use the interest-free line of credit from the federal Unemployment Trust Fund to pay for unemployment insurance benefits as needed over time, a state official said …

In the 2015 movie “The Big Short” about the Great Recession, Brad Pitt’s character Ben Rickert is strolling in Las Vegas with two Wall Street colleagues who are elated about all the money they made betting that the US economy was in trouble. Their bet, of course, was that problems with mortgage-backed securities would hurt …

The vast ranks of newly unemployed are straining the capacities of food banks, soup kitchens and pop-up services across New York City. One user, Brittany, a 35-year-old Ph.D. candidate at Teachers College at Columbia University, who declined to give her full name, says she started visiting food services at Salem United Methodist Church in Harlem …

Beefed-up unemployment benefits that the US government is doling out in the coronavirus crisis are so generous they’re encouraging many recipients to stay home from work, The Post has learned. The emergency legislation, the CARES Act, which was passed last month, is aimed at helping businesses and workers hurt by coronavirus shutdowns, including through $600 …

Walmart is rolling out 50,000 new jobs. Retail giant Walmart said it would hire thousands of new employees to help it keep pace with surging demand for food and supplies as Americans stock up to get through the COVID-19 pandemic, Reuters reported. As a purveyor of foods and household essentials, Walmart has seen demand surge …

First, it was bars, restaurants, hotels. And clothing stores, movie theaters, entertainment venues. And countless small businesses, from bookstores to barber shops. Now, the record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most. White collar employees, ranging from software …

US stocks attempted to shrug off another surge in unemployment filings on Thursday only to slip back into negative territory by the afternoon. The Dow Jones industrial average climbed as much as 62.01 points, or 0.2 percent, at the open before dropping as much as 292.97 points, or 1.2 percent, in midday trading after being …