• US workers file 2.1 million more jobless claims as crisis total tops 40 million

    US workers file 2.1 million more jobless claims as crisis total tops 40 million

    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 …
  • Coronavirus job losses creating ‘lockdown generation,’ UN group warns

    Coronavirus job losses creating ‘lockdown generation,’ UN group warns

    With more than one in six young people out of work, international leaders on Wednesday warned of the repercussions of creating a “lockdown generation” of young people who struggle to find work. The United Nation’s International Labor Organization issued the grim prediction in a report showing that more than one in six young people have …
  • Unemployment Rate for Workers With H.S. Degree More Than Double That of College Grads

    Unemployment Rate for Workers With H.S. Degree More Than Double That of College Grads

    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 …
  • Unemployment rate hits 14.7 percent with 20.5 million jobs lost in April

    Unemployment rate hits 14.7 percent with 20.5 million jobs lost in 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 …
  • 3.2 million more jobless claims in US, crisis total now at 33 million

    3.2 million more jobless claims in US, crisis total now at 33 million

    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 …
  • Private Payrolls Dropped 20.2 Million Workers in Worst Month on Record

    Private Payrolls Dropped 20.2 Million Workers in Worst Month on Record

    Private payrolls dropped by more than 20 million in April as the economy ground to a halt due to lockdown orders that caused businesses to close their doors and hemorrhage employees. U.S. companies lost a total of 20,236,000 jobs last month, according to data released Wednesday by the ADP Research Institute. The total easily beats the …
  • Private employers axed 20.2 million Americans in April

    Private employers axed 20.2 million Americans in April

    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 …
  • Alice + Olivia’s Stacey Bendet launches job platform for creatives

    Alice + Olivia’s Stacey Bendet launches job platform for creatives

    Alice + Olivia CEO Stacey Bendet has launched a job platform for creatives and artists that will serve as a gallery to show off projects and a place to find work opportunities. Launching Tuesday morning, Creatively will begin as a free platform and won’t establish any membership fees for “some time,” Bendet tells Page Six. …
  • Stocks sink as over 30 million Americans file for unemployment

    Stocks sink as over 30 million Americans file for unemployment

    US stocks slid Thursday as Wall Street winced at new data showing the coronavirus crisis has put more than 30 million Americans out of work in just six weeks. The Dow Jones industrial average dropped as much as 378.26 points, or 1.5 percent, to 24,255.60 in early trading after the US Department of Labor said …
  • Consumer confidence at lowest point in 6 years amid joblessness

    Consumer confidence at lowest point in 6 years amid joblessness

    US consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditions. The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six years and down from …