unemployment

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 …

Another 3.2 million Americans applied for unemployment benefits last week as the coronavirus crisis sidelined 33 million workers in less than two months, the feds said Thursday. That suggests one in five US workers tried to join the nation’s unemployment rolls in the last seven weeks as the pandemic delivered an unprecedented gut punch to …

US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month. The plunge in private payrolls shown in the ADP National Employment Report on Wednesday suggested that national …

California has borrowed nearly $350 million in federal funding to pay for surging unemployment claims amid the coronavirus pandemic, the first state to do so. A Treasury Department spokesman told the Wall Street Journal on Monday that the state had already begun to access its pre-approved $10 billion loan for paying unemployment through the end …

Senator Mitt Romney (R., Utah) released a proposal Friday to raise wages for essential workers for three months, with debates on a possible phase-four relief package intensifying as the Senate returns to D.C. next week. Romney’s plan, titled “Patriot Pay,” calls for bonuses from May 1 to July 31, 2020, for front-line workers in healthcare …

An additional 3.8 million Americans filed jobless claims in the past week, the Department of Labor reported on Tuesday, amid continuing economic fallout from the coronavirus pandemic. Total U.S. unemployment since the start of the pandemic has soared to 30 million, or 18 percent of the workforce. States are currently formulating plans to reopen businesses …