jobs

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Hiring Is Stronger Than Expected in June

Unemployment dips to 11.1%, but this was before new round of shutdowns

(Newser) - US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring, per the AP . The nation has now... More »

Trump: It's a 'Great Day' for George Floyd

President celebrates the jobs numbers, speaks of need for 'fair treatment' from police

(Newser) - "Victory lap." That's the term used by the AP and CNN to describe President Trump's reaction to Friday's surprisingly strong jobs report . "This shows that what we've been doing is right," Trump said in the Rose Garden, referring to the White House... More »

Millions More Jobless in US, but a Small Bright Spot

Layoffs are slowing as businesses start to reopen, rehire workers

(Newser) - Roughly 2.1 million people applied for US unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees. About 41 million people have now applied for aid since the virus outbreak... More »

Here's Where Jobs Have Taken Hardest COVID Hit

WalletHub looks at states where coronavirus has had the biggest effect on unemployment

(Newser) - Since the coronavirus has found its way to the United States, the economic ramifications have been devastating, leaving unprecedented numbers of people out of work and businesses folding. WalletHub looked at all 50 states and the District of Columbia to see which have been suffering the most on the jobs... More »

Jobless Claims Add to Jarring New Normal

Nearly 3M more file for claims, bringing total to 36M in 2 months

(Newser) - The bleak number keeps growing: Nearly 3 million laid-off workers applied for US unemployment benefits last week, per the AP . That means roughly 36 million people have now filed for jobless aid in the two months since the coronavirus forced millions of businesses to close their doors and shrink their... More »

Millions More Join the Ranks of the Unemployed

20% of US workers have filed for unemployment aid

(Newser) - Another 3.2 million Americans filed for unemployment benefits last week, bringing the total over seven weeks to 33.5 million—or one in five Americans who were employed as of February, per the AP . Economists had predicted 3 million claims, Reuters reports. The week ending May 2 was the... More »

Las Vegas Is Reeling

Job losses unprecedented in a city built on hospitality and tourism

(Newser) - New York City may be the epicenter of the coronavirus outbreak in terms of illnesses, but when it comes to job losses, the New York Times declares Las Vegas to be "ground zero." The broad strokes are simple enough: About a third of the local economy is tied... More »

It's by Far the Worst String of Layoffs on Record

4.4M more file for unemployment benefits, bringing total to 26M over 5 weeks

(Newser) - More than 4.4 million laid-off workers applied for US unemployment benefits last week as job cuts escalated across an economy that remains all but shut down. Roughly 26 million people have now filed for jobless aid in the five weeks since the coronavirus outbreak began forcing millions of employers... More »

With Millions More Laid Off, a Dire Prediction From Economists

After 5.2M more file for unemployment, unemployment rate could hit 20% in April

(Newser) - The wave of layoffs that has engulfed the US economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week. Roughly 22 million have sought jobless benefits in the past month—easily the worst stretch of US job losses on record. All told, nearly... More »

Jobless Report Is Out: 'There's No Comparison to This Shock'

March's report only scratches the surface of damage

(Newser) - For the last 113 straight months, the first Friday of each month came with a question: How many new jobs were created over the previous 30 days? No more, thanks to the coronavirus. The epic streak came to an abrupt end with Friday's unemployment report for March, which shows... More »

'A Faint Glimmer of Light' Is Seen in the Economy

Some employers have a message for laid-off staffers

(Newser) - As millions of job cuts tear through the US economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they're letting go so they can more quickly rehire them once the viral outbreak has passed, the AP reports. Several large retail... More »

Each State Has Its Own 'Iconic' Job

24/7 Wall St. looks at the jobs that 'shape the identity' of every state

(Newser) - Each state that makes up the Fifty Nifty has a unique economy, culture, laws, and even industries and workers that help "shape the [identity]" of that state. To more closely examine the latter, 24/7 Wall St. looked at Bureau of Labor Statistics data on job concentration in all of... More »

A Bookstore Laid Off Hundreds. Then, This Took Its 'Breath Away'

Powell's, popular indie chain in Oregon, rehires more than 100 workers due to online ordering boom

(Newser) - A popular indie bookstore chain in Portland, Ore., let go most of its staff—more than 300 employees—earlier this month because of the coronavirus outbreak. Now, per the Los Angeles Times , Powell's has hired back more than 100 of those workers, thanks to a surge in buying books... More »

Obama Remarks on US Economy, Trump Hits Back

'Did you hear the latest con job?'

(Newser) - Presidents Day featured the current president of the United States going on the attack against a predecessor after President Trump became agitated by a tweet from former President Obama. Per the Hill , Obama started things off Monday morning by commemorating the 11th anniversary of his signing of the American Recovery... More »

On Trump's Approval Rating, a Historic Gap

He's at an all-time Gallup high of 49%, but an 87-point gap exists between Dems, Republicans

(Newser) - President Trump just got something to crow about from Gallup : The polling agency puts his approval rating at 49%, the highest since he took office. The key seems to be rising support among Republicans and independents. Trump has a 94% approval rating among Republicans, up 6 points from last month,... More »

For Only 2nd Time, Women Have Done This in the Workforce

Not since 2010 have women held more jobs than the guys

(Newser) - In what the Wall Street Journal says could be a sign of the "future of the American workforce," Labor Department data released Friday revealed who's taken hold of the most jobs in the US—and it's the ladies. Not counting the self-employed and farmworkers, women held... More »

Looking for a Paycheck? Here's Where the Jobs Are At

With a relatively low national unemployment rate, it's a good time to be looking for work

(Newser) - New year, new you—and if that revamped version of yourself includes seeking out a change in employer, WalletHub has some suggestions on where you might want to look. The site examined more than 180 major US cities, looking at more than 30 metrics in two main categories: a city'... More »

Here Are the 10 Fastest-Growing Jobs in America

LinkedIn's annual report is out

(Newser) - The "jobs of tomorrow" are here—or, at least the ones that look the most promising for 2020. LinkedIn has published its third annual "Emerging Jobs Report," which took all public profiles of LinkedIn members who've held a full-time job over the past five years, then... More »

Turns Out We Weren't Adding 200K Jobs a Month

Department of Labor revises job gains figures, with 501K fewer than previously estimated

(Newser) - It's not uncommon for the Department of Labor to revise job growth numbers. It actually does so annually, when, instead of using the surveys that help form those initial estimates, it reviews unemployment insurance records in each state to come up with more accurate figures. What is uncommon is... More »

Lowe's Just Made Another Big Move to Cut Costs

Thousands of maintenance, assembly workers have been laid off

(Newser) - Lowe's has been stumbling of late, with lagging sales and store closures . Now the home improvement retailer is saying goodbye to thousands of jobs: Maintenance and assembly staff—the folks who put together items such as grills for customers—at all of the chain's 1,800 or so... More »

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