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Unemployment

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

U.S. unemployment rate falls to 8.4% even as hiring slows

by David Brancaccio , Meredith Garretson and Alex Schroeder
Sep 4, 2020
Employers added 1.4 million jobs, but that's the fewest since the pandemic began.
A lot of people who were on temporary furlough actually got their jobs back, including those in the retail sector.
Bryan R. Smith/AFP via Getty Images
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COVID & Unemployment

The seasonal adjustment to jobless claims has been ... adjusted

by Mitchell Hartman
Sep 3, 2020
The adjustments smooth out predictable changes in employment, but the pandemic economy has broken them.
This week, the Bureau of Labor Statistics changed its methodology in adjusting for seasonal jobs, like that of a lifeguard. It makes the data more accurate, but also more confusing.
Angela Weiss/AFP via Getty Images
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COVID & Unemployment

A spike in long-term unemployment is looming

by Mitchell Hartman
Sep 2, 2020
Temporary layoffs are becoming permanent for more furloughed workers.
A shuttered theater in Los Angeles. People laid off early in the pandemic who are still out of work are approaching what the Labor Department defines as long-term unemployed.
Frederic J. Brown/AFP via Getty Images
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COVID & Unemployment

Nearly a third of Americans worry about having their work hours cut or losing their jobs

by Kimberly Adams
Sep 1, 2020
And according to Americans who've already lost their jobs, they should be.
An employee at the newly reopened Metropolitan Museum of Art in New York. With unemployment widespread, many people who have kept their jobs are worried about losing them.
Kena Betancur/AFP via Getty Images
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COVID-19

With job losses, workers and their families lose health insurance coverage

by Meghan McCarty Carino
Aug 27, 2020
The Economic Policy Institute estimates that number is at 12 million people.
David Dee Delgado/Getty Images
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COVID & Unemployment

So far, Trump's pandemic unemployment benefit is available in 2 states

by Mitchell Hartman
Aug 24, 2020
More states are trying to join the program, but most will offer $300 a week in additional benefits, rather than the $400 the president wanted.
President Trump signs documents extending coronavirus economic relief on Aug. 8. Only Arizona and Texas are paying the new benefit.
Jim Watson/AFP via Getty Images
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Reimagining the Economy

Decarbonization can fix the jobs crisis and the climate crisis, scientist says

by David Brancaccio and Rose Conlon
Aug 11, 2020
Saul Griffith is the co-author of a new report that outlines a plan to reduce U.S. dependence on fossil fuels while creating millions of jobs.
Joe Raedle/Getty Images
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Specials

The Economy Reimagined, Part 2: Jobs, Education and Poverty

by David Brancaccio and Kimberly Adams
Aug 7, 2020
The case for a job guarantee, the future of the labor movement, working in the gig economy and more.
Pictured: Members of the Service Employees International Union (SEIU) hold a rally on Feb. 26, 2018 in Chicago, Illinois.
Scott Olson/Getty Images
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COVID & Unemployment

How will employers perceive long-term unemployment in this moment?

by Erika Beras
Aug 7, 2020
Traditionally, employers question big gaps in work history. But because of the pandemic, they may be more understanding.
A "now hiring" sign at a store in Arlington, Virginia.
Olivier Douliery/AFP via Getty Images
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