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Unemployment

COVID & Unemployment

Want to share your unemployment story?

by Marketplace Staff
Jul 16, 2020
Marketplace wants to hear from you.
iStock / Getty Images Plus
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COVID & Unemployment

More than 1.3 million laid-off workers sought unemployment benefits last week amid resurgent viral outbreak

by Associated Press
Jul 16, 2020
The number of laid-off workers seeking jobless aid is stuck at a historically high level.
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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COVID-19

Banks set aside billions, expecting big consumer loan defaults

by Nancy Marshall-Genzer
Jul 15, 2020
At the end of the first quarter of this year, U.S. consumers were a record $14.3 trillion in debt.
A view of the "Fearless Girl" statue on Wall Street. Americans' indebtedness is affecting banks' balance sheets.
Johannes Eisele/AFP via Getty Images
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COVID & Unemployment

Expanded COVID-19 unemployment money is helping millions of workers pay their bills

by Mitchell Hartman
Jul 9, 2020
The extra $600 every week is set to run out at the end of this month.
Juanmonino via Getty Images
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COVID & Unemployment

Layoffs stuck at high level as 1.3 million seek jobless aid

by Associated Press
Jul 9, 2020
The six states that have had to reverse business reopenings make up one-third of the economy.
The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.
Dia Dipasupil/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 & Unemployment

How the UK has kept unemployment down — for now

by Victoria Craig
Jul 7, 2020
So far, the nation's businesses have avoided laying off 9.3 million workers.
Government furlough programs and business loan and grant schemes allowed U.K. companies to keep their staff on their payrolls even if their doors were shut.
Ben Stansall/AFP via Getty Images
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COVID & Unemployment

Despite June's bullish employment numbers, the job market is reeling — and will be for a while

by Mitchell Hartman
Jul 2, 2020
Employment remains below pre-pandemic levels, and as recently reopened businesses re-close, more job losses are on the way.
A grocery store employee cleans carts for customers in New York. Low-wage workers are disproportionately affected by the suffering job market.
Bruce Bennett/Getty Images
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COVID-19

Summer looks different for musicians this year

by Andie Corban
Jul 2, 2020
More than three months into the pandemic, we check in with Chicago musician Seth Shulman.
Musicians have had to find new venues since the pandemic started, and the growth of the labor movement has affected the music industry, said Puja Patel, editor in chief of Pitchfork.
Ethan Miller via Getty Images
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COVID-19

Unemployment dropped again in June. But the numbers are from before renewed COVID-19 shutdowns.

by Nova Safo , Erika Beras and Alex Schroeder
Jul 2, 2020
In other words, these June numbers might not tell the whole story as the U.S. sees unprecedented numbers of COVID-19 infections.
The unemployment rate has dropped to 11%. And 4.8 million more people were on American payrolls in June compared to May.
Cindy Ord/Getty Images
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