unemployment

The number of Americans who have applied for unemployment benefits during the coronavirus pandemic grew to more than 58.4 million on Thursday, as 1 million more people filed jobless claims. More than 1 million people have now lost their jobs in 22 of the past 23 weeks, as COVID-19 has ravaged the US economy. The …

House speaker Nancy Pelosi (D., Calif.) on Thursday rejected a request by some House Democrats to vote to extend unemployment benefits through a smaller coronavirus relief package, saying it could undercut negotiations on other Democratic funding priorities. More than 100 House Democrats had urged party leaders to allow a vote on a bill on Saturday …

The U.S. labor market remains unstable as 1.1 million Americans filed for unemployment benefits last week, up from 960,000 the week before. While there were far fewer jobless claims than at the start of the coronavirus pandemic, unemployment benefit applications have hovered between 1-2 million for the past two months, according to the U.S. Department …

Some 1.1 million Americans filed applications for unemployment benefits last week, driving the total for the coronavirus pandemic above 57 million as the labor market struggled toward recovery. Seasonally adjusted initial jobless claims rose above 1 million after falling below that level the prior week for the first time in five months, the latest US …

White House economic adviser Larry Kudlow on Thursday said he expects the US unemployment rate to return to single-digit levels as early as this month and growth in the third quarter at 20 percent or more as the economy recovers from the recession triggered by the coronavirus pandemic. “The key point that I would make …

The U.S. Labor Department reported on Thursday that 963,000 workers filed for unemployment benefits last week, the first time jobless claims have fallen below 1,000,000 since March. The drop in claims may fuel hopes that the labor market is improving after the coronavirus pandemic and subsequent mitigation efforts forced mass closures of businesses. 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 …

The economic impact of the lockdowns and stay-at-home orders has upended many traditional jobs and industries, paving the way for agile entrepreneurs and creative startups to offer new products and services that people need and want. As coronavirus lockdowns have weakened the US economy this spring, causing business closures and layoffs, teenagers are particularly hard …

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 …

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 …