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 >
unemployment
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 >
Initial jobless claims: Some good news amid continued carnage
The pace of first-time jobless claims declined for the ninth consecutive week, to 1.83 million, bringing the cumulative total of those who have lost jobs over the past 11 weeks to 42.6 million. … READ MORE >
Preview: May U.S. employment report
We expect the U.S. economy to shed 7.8 million jobs and the unemployment to reach 21.5% when the May U.S. employment estimate is released on Friday. … READ MORE >
Jobless claims: 40.7 million file first-time claims in 10 weeks
First-time jobless claims for the week ending May 23 increased by 2.123 million, bringing the total number of Americans who have filed for unemployment benefits to 40.76 million during the past 10 weeks. … READ MORE >
Five states surpass 2 million initial jobless claims since the onset of the coronavirus
California, New York, Florida, Texas and Georgia processed more than 2 million initial claims for unemployment benefits since the outbreak of the coronavirus in March. … READ MORE >
Initial jobless claims: Mass unemployment continues to rise
First-time jobless claims for the week ending May 16 increased by 2.438 million to bring the total number of Americans who have filed for unemployment benefits to 38.9 million during the past nine weeks. … READ MORE >
Initial jobless claims, state by state: 11 now have a million or more claims since coronavirus outbreak
Expect the trend in cumulative claims to remain high as several states continue to work through the backlog of claims and as declining household income and consumer spending prompt more businesses to reduce staff. … READ MORE >