• Fed Economist Suggests Country Could Hit 32 Percent Unemployment without Coronavirus Assistance

    Fed Economist Suggests Country Could Hit 32 Percent Unemployment without Coronavirus Assistance

    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 …
  • Workers laid off due to coronavirus can’t get through to unemployment office

    Workers laid off due to coronavirus can’t get through to unemployment office

    Crashing websites and jammed phone lines are preventing workers put out of a job by the coronavirus crisis from even applying for unemployment benefits. Some are so frustrated by the endless dropped calls that they’ve considered just giving up — even if it means foregoing some much-needed cash. “You want to keep trying because you …
  • U.S. Unemployment Record Shattered with 3.28 Million Claims in One Week

    U.S. Unemployment Record Shattered with 3.28 Million Claims in One Week

    U.S. unemployment claims surged by 3.28 million last week, the highest number ever recorded in a single week and more than quadruple the previous record, according to Labor Department data released Thursday. The data showed claims surged by over 3 million in a week alone — a stark contrast to a historic low of barely …
  • US jobless claims report: Record 3.2 million seek unemployment benefits

    US jobless claims report: Record 3.2 million seek unemployment benefits

    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 …
  • Tips for if you’re let go because of Chinese virus

    Tips for if you’re let go because of Chinese virus

    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 …
  • Chinese virus has sent US into ‘brutal’ recession, Bank of America warns

    Chinese virus has sent US into ‘brutal’ recession, Bank of America warns

    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 …
  • Jobless claims spike to 281,000 as Chinese virus forces layoffs

    Jobless claims spike to 281,000 as Chinese virus forces layoffs

    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 Spike as Chinese virus pandemic Forces Layoffs

    Unemployment Claims Spike as Chinese virus pandemic Forces Layoffs

    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 …
  • Mnuchin Warns GOP Senators about 20% Unemployment

    Mnuchin Warns GOP Senators about 20% Unemployment

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