• US economy adds 1.4 million jobs in August as coronavirus recovery slows

    US economy adds 1.4 million jobs in August as coronavirus recovery slows

    The US economy added 1.4 million jobs last month in the latest sign that the nation’s recovery from the coronavirus pandemic is losing steam, the feds said Friday. The unemployment rate dropped to 8.4 percent in August as businesses continued to reopen following lockdowns that gutted the economy this spring, according to the Bureau of …
  • US workers file 881,000 jobless claims as feds adjust weekly data

    US workers file 881,000 jobless claims as feds adjust weekly data

    Some 881,000 Americans applied for unemployment benefits last week as the coronavirus pandemic kept the job market under pressure, the feds said Thursday. The significant drop in initial jobless claims was likely the result of changes to how the US Department of Labor reports the weekly numbers. The agency started using a new method for …
  • New York jobless rate sky-high amid lingering COVID-19 shutdowns

    New York jobless rate sky-high amid lingering COVID-19 shutdowns

    The lingering coronavirus pandemic continues to wreak havoc on New York’s economy and workforce — more than four months after the killer bug arrived here, sobering new data from the state Labor Department reveals. New York State York’s unemployment rate in July was 15.9 percent — three-tenths of a percent higher than in June. The …
  • Amazon adding 2,000 jobs at NYC’s Lord & Taylor building

    Amazon adding 2,000 jobs at NYC’s Lord & Taylor building

    Amazon said it plans to house more than 2,000 employees at Manhattan’s historic Lord & Taylor building under a nationwide expansion of its corporate offices. The Seattle-based e-tailing giant said Tuesday it will hire the workers to fill the landmark tower on Fifth Avenue over the next few years as it grows its Big Apple …
  • Dr. Martens repays UK COVID-19 aid after sales boom

    Dr. Martens repays UK COVID-19 aid after sales boom

    British boot maker Dr. Martens has paid back a government aid package meant to support its workers during the coronavirus pandemic following a massive sales surge. The iconic brand known for its chunky footwear revealed the decision Wednesday as it reported a 48 percent revenue spike that nearly doubled its profits for the fiscal year …
  • US workers file under a million jobless claims for first time since March

    US workers file under a million jobless claims for first time since March

    Some 963,000 million Americans applied for unemployment benefits last week as initial jobless claims dipped below 1 million for the first time since mid-March, the feds said Thursday. But last week’s filings nonetheless drove the number of unemployment claims filed during the coronavirus pandemic above 56 million. New claims fell from 1.191 million the prior …
  • Amazon, Google join pledge to hire minority New Yorkers

    Amazon, Google join pledge to hire minority New Yorkers

    Leaders of Amazon, Google, JPMorgan Chase and two dozen other giant companies have pledged to hire 100,000 New Yorkers from disadvantaged backgrounds by 2030. The 27 corporate titans formed the New York Jobs CEO Council to create paths to in-demand jobs for low-income, black, Latino and Asian workers, including 25,000 CUNY students, according to a …
  • U.S. Adds 1.8 Million Jobs, Unemployment Drops to 10.2 Percent

    U.S. Adds 1.8 Million Jobs, Unemployment Drops to 10.2 Percent

    The U.S. unemployment rate dropped from 11.1 percent to 10.2 percent in July, beating economists’ predictions even as many states have paused or reversed their reopenings in light of coronavirus case spikes. Employers added 1.8 million jobs in July, according to the Labor Department’s Friday jobs report, a significant slowing down from the 4.8 million …
  • US economy’s growth slows in July, adding 1.8 million jobs amid COVID-19

    US economy’s growth slows in July, adding 1.8 million jobs amid COVID-19

    The US economy’s growth slowed in July, adding just 1.8 million jobs following skyrocketing numbers of COVID-19 cases in states like Texas and Florida. The unemployment rate dropped to 10.2 percent, from 11.1 percent in June, data from the Bureau of Labor Statistics show. The numbers are the first look at the economy following the …
  • Weekly Jobless Claims Fall to Pandemic Low

    Weekly Jobless Claims Fall to Pandemic Low

    Weekly unemployment claims fell last week to their lowest level since the coronavirus pandemic began, although claims continue to be filed at a rate unprecedented before the U.S. outbreak began. Initial jobless claims totaled 1.186 million for the week ending August 1, below the 1.42 million economists had expected and about 249,000 less than the …