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Tag Archives: US jobs

Kansas governor slows reopening; limits to go into late June

Democratic Gov. Laura Kelly has slowed down the reopening of Kansas’ economy, ordering bars and bowling alleys to remain closed through the end of the month and keeping some coronavirus-inspired restrictions in place until near the end of June. Kelly’s ...

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36 million have sought US unemployment aid since virus hit

Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions. Roughly 36 million people ...

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Powell warns of a possible sustained recession from pandemic

Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken ...

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10 takeaways from the worst jobs report in US history

Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S. economy. Most obviously, there’s the 14.7 percent unemployment rate, the highest since the Great Depression. And ...

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Jobless rate spikes to 14.7 percent, highest since Great Depression

The U.S. unemployment rate hit 14.7 percent in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done ...

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College class of 2020 will graduate into wobbly economy

With graduation looming, the future is looking a lot less bright than it did just a few months ago for college seniors. They are entering a job market flooded with tens of millions of workers who have lost their jobs ...

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Loan program is short-term fix, not cure-all, for businesses

The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say ...

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33 million have sought US unemployment aid since virus hit

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. Roughly 33.5 million people have now filed for jobless aid in the ...

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Workers must risk infection or losing unemployment payments

Some of the millions of American workers laid off because of the coronavirus are beginning to face a tough choice — return to work and risk infection, or stay home and risk losing unemployment payments. The decision is most pressing ...

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30 million have sought US unemployment aid since virus hit

More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. Roughly 30.3 million people have now filed for jobless aid ...

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