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Job losses

In a weak jobs report, this sector did worse, fyi

by Caleigh Wells
Aug 2, 2024
The information sector lost 20,000 jobs in July. Its unemployment rate is sitting at an uncomfortable 5.6%.
Information sector fields like journalism are going through unstable times. Above, presidential candidate Donald Trump appeared at the National Association of Black Journalists convention this week.
Scott Olson/Getty Images
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COVID-19

Our lost GDP year

by Sabri Ben-Achour
Jul 29, 2021
U.S. GDP grew 6.5% from April through June, less than many economists expected. However, it’s caught up to pre-pandemic levels.
Many businesses were still closed at Union Station in Washington, D.C., in May. GDP grew 6.5% in the spring quarter, rebounding after the pandemic lockdown.
Saul Loeb/AFP via Getty Images
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COVID & Unemployment

Women are looking for jobs, but will they be able to find them?

by Justin Ho
Apr 20, 2021
Some women may have trouble finding work, especially if they can't return to the industry that employed them before the pandemic.
Researchers from the New York Federal Reserve found that the number of people seeking work increased between November and March, and the Fed says that increase was primarily driven by women entering the job market.
recep-bg via Getty Images
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COVID-19

Job loss for women is a major issue in New Zealand's "COVID election"

by Stephen Ryan
Oct 16, 2020
Women make up more than 90% of people who have lost their jobs during COVID-19 restrictions in New Zealand.
Women make up the large majority of people who lost their jobs due to coronavirus restrictions in New Zealand. Pictured: Prime Minister Jacinda Ardern on the campaign trail.
Hannah Peters/Getty Images
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COVID-19

Pandemic puts natural gas projects on hold

by Andy Uhler
Oct 12, 2020
As plans for LNG export facilities come to a halt, so do job opportunities in places like the Gulf Coast of Texas and Louisiana.
David McNew/AFP via Getty Images
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COVID & Unemployment

The U.K. has a plan to pay businesses that hire young people

by David Brancaccio , Victoria Craig and Meredith Garretson
Sep 4, 2020
Businesses get about $2,000 for every six-month placement they provide for the unemployed.
The goal is to create around 300,000 jobs and help train these entry-level workers. Pictured: U.K. Chancellor of the Exchequer Rishi Sunak at a Jobcentre Plus in London.
Anthony Upton-WPA Pool/Getty Images
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COVID & Unemployment

About a third of companies cut employee pay in response to COVID-19, survey finds

by Mitchell Hartman
Jul 8, 2020
More than half of the companies making cuts say they helped avoid layoffs, for now.
Of the companies that cut employee pay in response to the pandemic, over half of them say cuts allowed them to avoid layoffs.
Mark Felix/AFP via Getty Images
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COVID-19

Job losses hit hard in Black communities

by Mitchell Hartman
Jun 5, 2020
Black Americans tend to work in the jobs most affected by the coronavirus shutdowns and are less likely to be able to work from home.
Black households are more likely to have just a single wage-earner to depend on, says Valerie Wilson at the Economic Policy Institute.
Joe Raedle/Getty Images
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COVID-19

Half of Americans who lost work or wages are getting $0 jobless benefits

by Mitchell Hartman
May 18, 2020
Workers lost $80 billion in pay in April due to the pandemic, but only got $48 billion in unemployment benefits, according to the Hamilton Project.
An applicant fills out an unemployment benefits form in Virginia. Temporary relief payments are scheduled to end soon.
Olivier Douliery/AFP via Getty Images
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