Business > Economy

A Dismal Record: Nearly 10 Million Filed For Unemployment In Last 2 Weeks

2 monthes ago   |   By NPR

The staggering number of people claiming jobless benefits set a new record for the second week in a row. Much of the country has been ordered to stay at home, bringing the economy to a lurching halt.
Read more ...

 

US jobless claims skyrocket to 6.6 million, marking a 2nd straight weekly record, as coronavirus layoffs persist

US jobless claims skyrocket to 6.6 million, marking a 2nd straight weekly record, as coronavirus layoffs persist

2 monthes ago   |   By Business Insider

US weekly jobless claims spiked to a second consecutive weekly record as coronavirus-induced layoffs persist across the entire country.
6.64 million Americans filed for unemployment insurance in the week ending March 28, the Labor Department reported Thursday.
Economists expect that the US will fall into recession in the second quarter if it isn't already in one. The sky-high jobless claims could raise the unemployment rate by multiple percentage points.
"What is striking about this crisis is how broad, how deep, and how rapid these cuts have been," Julia Pollak, labor economist at...
Read more ...

 


Search by Tags

   Economy  


Virus exposes sharp economic divide: College vs. non-college

Virus exposes sharp economic divide: College vs. non-college

The damage inflicted on the job market since February has highlighted a widening line of inequality based on education. Read more ...

Photos show where around the world Black Lives Matter and anti-police...

Photos show where around the world Black Lives Matter and anti-police brutality protests are erupting, from Tokyo to Amsterdam

Countries across the globe are erupting in response to the death of George Floyd. From Europe to Asia, to South America, and Australia, protesters in several countries and... Read more ...

Poland hopes to host US troops if they are withdrawn from Germany - PM...

Poland hopes to host US troops if they are withdrawn from Germany - PM Morawiecki

Warsaw has set its hopes on hosting some of the US troops reportedly preparing to leave Germany on Donald Trump's orders, Poland's prime minister has signaled, amid reports the... Read more ...

Marine Corps officially bans Confederate battle flag on military bases...

Marine Corps officially bans Confederate battle flag on military bases - including on bumper stickers and coffee mugs

The US Marine Corps has officially banned the Confederate battle flag from both public and work spaces on its military bases - including its display on vehicle bumper stickers... Read more ...

Trump said he hopes George Floyd is 'looking down' from heaven and...

Trump said he hopes George Floyd is 'looking down' from heaven and appreciating the US' strong May jobs report: 'It's a great day for him'

Trump touted a strong May jobs report and said he hoped George Floyd, the Minneapolis man who died in an interaction with police ten days ago, was looking down and appreciating... Read more ...

Jeff Bezos responded to an 'offended' customer who wants Amazon to say All...

Jeff Bezos responded to an 'offended' customer who wants Amazon to say All Lives Matter instead of Black Lives Matter: 'My stance won't change'

Amazon CEO Jeff Bezos shared an email exchange he had with a customer upset about the Black Lives Matter banner on Amazon's website. Bezos wrote that the Black Lives Matter... Read more ...

'Greatest miss in forecasting history': 4 economists and strategists react...

'Greatest miss in forecasting history': 4 economists and strategists react to Friday's surprising May jobs report

The May jobs report released Friday from the Labor Department showed the US economy gained 2.5 million jobs and the unemployment rate declined to 13.3%. It was a major surprise... Read more ...

Grubhub rockets 11% on reports of takeover interest from 2 European peers

Grubhub rockets 11% on reports of takeover interest from 2 European peers

Grubhub stock surged as much as 11.5% Friday afternoon on reports European peers Just Eat and Delivery Hero are interested in a takeover of the food delivery service. Grubhub... Read more ...

Marriott says Trump ordered stop to Cuba hotel business

Marriott says Trump ordered stop to Cuba hotel business

The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been... Read more ...

Developers are marketing bankrupt Neiman Marcus's flagship store - the heart...

Developers are marketing bankrupt Neiman Marcus's flagship store - the heart of NYC's glitzy $25 billion Hudson Yards mega-mall - as office space

Hudson Yards developers Related and Oxford are offering Neiman Marcus's nearly 200,000 square foot store - along with other space - to office tenants, according to marketing... Read more ...