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Unemployment

COVID-19

Amid bleak economic projections, Fed votes to keep interest rates near zero

by David Brancaccio , Nancy Marshall-Genzer and Alex Schroeder
Jun 11, 2020
The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.
The Federal Reserve Wednesday issued projections showing interest rates near zero through 2022.
Mandel Ngan/AFP via Getty Images
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COVID-19

Why was the May unemployment number wrong?

by Andie Corban and Kai Ryssdal
Jun 8, 2020
Marketplace host Kai Ryssdal spoke with former BLS Commissioner Erica Groshen about the "misclassification" error.
Unemployment application forms outside a Florida library.
Chandan Khanna/Getty Images
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Recession hit U.S. in February, ending record-long expansion

by Associated Press
Jun 8, 2020
A group of economists declared Monday that the longest expansion on record has ended.
A restaurant closed in March due to the coronavirus pandemic.
Adalberto Roque/AFP via Getty Images
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Did PPP loans spur the jobs recovery?

by Justin Ho
Jun 5, 2020
Businesses that received CARES Act loans had to rehire workers to have those loans forgiven. But what happens next for America's job market?
President Trump during the Paycheck Protection Program signing ceremony.
Photo by Anna Moneymaker/The New York Times/Pool/Getty Images
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Wall Street zooms higher on news of labor market improvements

by Associated Press
Jun 5, 2020
The S&P 500 was up 2.2% after the government said that U.S. employers added 2.5 million workers to their payrolls last month.
Stocks are rushing higher in morning trading Friday after a much better-than-expected report on the U.S. job market.
Kena Betancur/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

Cities that rely heavily on tourism hit hardest by COVID-19 job losses

by Meghan McCarty Carino
Jun 5, 2020
April figures show communities that rely on manufacturing are also hurt by job losses, but they may see improvement more quickly.
Joe Raedle/Getty Images
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COVID-19

COVID-19 has caused more public school job losses than the entire Great Recession

by Meghan McCarty Carino
Jun 4, 2020
Almost 469,000 workers in K-12 public education lost a job in just the month of April.
Some jobs involve school building maintenance with facilities closed, but about half were positions that deal directly with students.
Michael Loccisano/Getty Images
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COVID-19

Weekly jobless claims drop to 1.9 million, as state reopenings slow layoffs

by Associated Press
Jun 4, 2020
Rehiring may be offsetting some of the layoffs, but unemployment is still excessively high.
The job market meltdown that was triggered by the coronavirus may have bottomed out.
Olivier Douliery/AFP via Getty Images
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My Economy

Unemployment on the Blackfeet Reservation was high before the pandemic, and it's only risen

by Alli Fam
May 28, 2020
"I'd say that unemployment stands at over 60%, and that was before the virus," said Craig Falcon.
Buffalo in Glacier National Park, located right near the Blackfeet Reservation.
Keystone/Getty Images
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