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Stories Tagged as

Unemployment

COVID-19

Miscalculation of unemployment data not easy to fix

by Andy Uhler
Jul 1, 2020
The Bureau of Labor Statistics said it might have been undercounting the number of workers classified as "unemployed on temporary layoff."
Hundreds of unemployed Kentucky residents wait in long lines for help with unemployment claims in June.
John Sommers II/Getty Images
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COVID-19

When $600-a-week pandemic unemployment checks run out, what then?

by Mitchell Hartman
Jun 30, 2020
If Congress doesn't act, Federal Pandemic Unemployment Compensation is set to expire on July 31.
A Florida resident receives an unemployment insurance application in April. Many recipients could be shocked if the temporary extra benefit terminates at the end of July.
Joe Raedle/Getty Images
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COVID-19

The Fed says big banks have passed their COVID-era stress tests

by Nancy Marshall-Genzer
Jun 25, 2020
But the central bank is putting a stop to share buybacks and limiting bank dividends.
The Federal Reserve Building in Washington, D.C.
Chip Somodevilla/Getty Images
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COVID-19

Applications for jobless aid fall to still-high 1.48 million

by Associated Press
Jun 25, 2020
It's the 12th straight drop in first-time claims, a sign that layoffs are slowing but still at a high level.
Unemployment application forms outside a Florida library.
Chandan Khanna/Getty Images
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COVID-19

Why is unemployment still so high?

by Mitchell Hartman
Jun 19, 2020
Weekly jobless claims have leveled off at well above 1 million, as new layoffs offset people called back to work.
A closed job placement office in New York. Unemployment remains at record highs despite parts of the economy reopening.
Stephanie Keith/Getty Images
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COVID-19

Unemployment claims still historically high despite increased in reopenings

by Associated Press
Jun 18, 2020
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week.
The latest figure from the Labor Department marks the 11th straight weekly decline in applications since they peaked at nearly 7 million in March.
Daniel Slim/AFP via Getty Images
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COVID-19

As COVID-19 lockdown eases, Britain faces an unfamiliar threat: mass unemployment

by Stephen Beard
Jun 17, 2020
Laid-off workers try to come to terms with a grueling new reality in what was once Europe’s most vibrant labor market.
A million jobs have been lost in the United Kingdom during the COVID-19 pandemic as people stayed home and practiced social distancing.
Mike Hewitt/Getty Images
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COVID-19

Which jobs are coming back first? Which may never return?

by Scott Tong
Jun 17, 2020
A snapshot of who's hiring now, plus a warning about employment predictions in an unknown COVID-19 recovery.
Job postings in the beauty and wellness category rebounded at the job-listing behemoth Indeed.
Jim Watson, Getty Images
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COVID-19

Work-sharing programs allow companies to keep furloughed workers

by David Wagner
Jun 17, 2020
Not all states have the programs, in which workers' hours are cut and unemployment benefits are used to fill in wages.
An employee at a cafe in Los Angeles in March. Work sharing is one solution to keep people employed during the COVID-19 recession.
Frederic J. Brown/AFP via Getty Images
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Reimagining the Economy

The effects of unemployment spread like a virus

by David Brancaccio and Candace Manriquez Wrenn
Jun 16, 2020
A possible cure for the economic crisis caused by the pandemic? The job guarantee. Pavlina Tcherneva of Bard College explains the job-creation idea.
The job guarantee concept is simple: For everyone who wants a job, a job will be provided by the government.
Joe Raedle/Getty Images
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