We expect an increase of 3.1 million in total employment, led by workers who have been called back to their jobs, and a decrease to 12.2% in the unemployment rate when the jobs data for June is released on Thursday. … READ MORE >
unemployment
Nine states report significant increases in jobless claims
Nine states reported significant increases in first-time claims for unemployment benefits in the week ending June 20 — a sobering reminder of the ongoing economic toll of the coronavirus. … READ MORE >
Initial jobless claims: Why the wait for further aid?
For the week ending June 20, 1.48 million people filed for first-time jobless claims, while 19.52 million filed continuing claims, the Labor Department reported on Thursday. … READ MORE >
Initial jobless claims are still six times higher than normal
We can add another 1.5 million Americans to the ranks of the newly unemployed. Initial jobless claims for the week ending June 13 are six times higher than the five-year average of 240,000 prior to the coronavirus pandemic. And in the 13 weeks since the shutdown of the economy, state … … READ MORE >
Weekly initial jobless claims: Much-needed context as claims rise by 1.5 million
While the pace of first-time jobless claims has declined over the past few weeks, such an improvement is still akin to saying someone has turned down the heat in hell. It is clear that the U.S. labor market remains impaired as first-time jobless claims increased by 1.5 million for the week ending June 13, and continuing claims advanced by 20.5 million. This is the thirteenth straight week in which claims have increased by more than one million. … READ MORE >
Jobless claims, state by state: Even with overall drop, nine states have big increases
Despite the overall drop in initial jobless claims in the latest week to 1.5 million, there were still nine states that reported significant increases in first-time applications for unemployment benefits. … READ MORE >
Weekly initial jobless claims: More questions than answers
First-time jobless claims increased by 1.542 million for the week ending June 6, the Labor Department reported Thursday. Over the past 12 weeks, 44.1 million people have filed for unemployment insurance, which is roughly equal to 27.9% of the 158 million pre-pandemic labor force. … READ MORE >
The coronavirus and civil unrest have highlighted the racial disparity in the American labor market
There is a clear and easily identifiable inequality in employment opportunities that persists to this day. Even as the worst of the economic free fall is now behind the U.S., the opportunity to address long-term and systemic inequities cannot be missed. … READ MORE >
U.S. jobs report: Recalled workers increase by 2.7 million in surprise lift to labor market
The nascent awakening of the U.S. economy in May resulted in 2.7 million workers being recalled to their jobs, 2.5 million jobs created and a decline in the unemployment rate to 13.3%. … READ MORE >
Initial jobless claims fall in most states, but the damage has been done
Almost every state had a decline in initial jobless claims in the last week of May, as a ninth week was added to the trend of decreasing yet still substantial household economic misery. … READ MORE >