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 >
unemployment
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 >
Elevated first-time and continuing jobless claims show mounting stress in the labor market
Stress in the domestic labor market continued to intensify as 2.98 million individuals filed first-time jobless claims for the week ending May 9, bringing the total to 36 million during the coronavirus pandemic. Those filing continuing claims for the week ending May 2 jumped to 22.83 million. … READ MORE >
U.S. April employment report: Prelude to a tragedy
It is difficult to ponder the significance of 20.5 million jobs lost and a 14.7% unemployment rate – the grim toll of the jobs data released on Friday — among the casualties and death that surround us. … READ MORE >
Jobless claims, state by state: Eight have a million or more since the coronavirus outbreak
A cumulative 33.5 million claims of newly unemployed people have been processed by the state agencies in the seven weeks since the economies of most states were shut down to prevent the spread of the coronavirus. … READ MORE >
Initial jobless claims continue to rise to extreme levels
The increase of 3.2 million in jobless claims for the week ending May 2 brings the cumulative total to 33.5 million during the past seven weeks. … READ MORE >