unemployment

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 …

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. …