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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 …
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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 …
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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 …
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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 …
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Another 5.2 million people filed initial unemployment benefit claims last week as the coronavirus pandemic continues to stall the economy and throw Americans out of work, according to data released Thursday by the Labor Department. The eye-popping figure for the week that ended April 11 is nevertheless under the record 6.9 million who filed two weeks …
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US stocks ticked up Thursday as Wall Street tried to brush off another surge in unemployment filings amid the coronavirus crisis. The Dow Jones industrial average climbed as much as 62.01 points, or 0.2 percent, at the open despite the US Department of Labor reporting another 5.2 million initial jobless claims last week. The staggering …
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More than 5.2 million Americans filed for unemployment benefits last week as the number of people put out of work by the coronavirus crisis climbed above 22 million, new federal data show. The staggering numbers from the US Department of Labor indicate 13 percent of the American workforce was sidelined in just a month as …
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Unemployed and looking for health insurance? New York state has promised to help, but it may be endangering its call center workers in the process, The Post has learned. The contract workers responsible for helping the growing throngs of unemployed New Yorkers find affordable health insurance say they are taking off work to avoid catching …
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The trillions of dollars in cash and loans unleashed by the Federal Reserve and US political leaders in recent weeks is meant to build a financial bridge for the country to get beyond the coronavirus pandemic and restart the economy with little or no long-term damage. But that mammoth effort is still unlikely to change …
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Less than half the US jobs lost to the coronavirus crisis will be recovered by the end of next year, a new survey shows. Economists expect non-farm payrolls to shed a monthly average of more than 4.5 million jobs from April through June as the pandemic keeps the economy largely frozen, according to the National …
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 …
