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US stocks held steady Friday even after a brutal monthly jobs report gave Wall Street more proof of how hard the coronavirus pandemic has hit the economy. The Dow Jones industrial average was off just 58.23 points, or 0.2 percent, as of 10:05 a.m. after an opening 0.7 tumble on the heels of the feds’ …
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The US economy shed 701,000 jobs last month as the coronavirus crisis brought the nation’s nine-year hiring streak to a screeching halt, new federal data show. The losses in non-farm payrolls reflected a massive contraction from February, when the economy added 273,000 jobs. The unemployment rate rose nearly a full percentage point to 4.4 percent …
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Be prepared for a shock — the employment report for March that’s coming out on Friday may not be as bad as people are expecting. But don’t misunderstand what I’m saying. The job market right now is the worst it has been in over a decade. But quirks in how the monthly numbers are derived …
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US private payrolls dropped in March for the first time in 2 1/2 years, likely as businesses shut down in compliance with strict measures to contain the coronavirus epidemic, supporting economists’ views that the longest employment boom in history probably ended last month. The ADP National Employment Report on Wednesday showed private payrolls fell by …
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Roy Coleman Jr., a personal trainer in Seattle, says he has been unable to file for unemployment due to a high volume errors on the government’s website, Everett, Wash., March 27, 2020. An economist with the St. Louis Fed is projecting coronavirus could cost 47 million Americans their jobs, resulting in a 32.1 percent unemployment …
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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 …
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The Chinese virus pandemic is changing society as we know it, making things like going to concerts and movies a thing of the past. A new statistic shows a devastating impact on Hollywood: 120,000 entertainment industry crew jobs have been lost. Most shows have shut down production amid fears of spreading the contagious virus, which …
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Amazon on Monday announced plans to hire 100,000 new workers in the U.S. to keep up with a surge of orders from people confined to their homes during the coronavirus outbreak. The Seattle-based company said this weekend that a steep increase of orders is putting its operations under pressure. It warned shoppers that it could …
US stocks held steady Friday even after a brutal monthly jobs report gave Wall Street more proof of how hard the coronavirus pandemic has hit the economy. The Dow Jones industrial average was off just 58.23 points, or 0.2 percent, as of 10:05 a.m. after an opening 0.7 tumble on the heels of the feds’ …
