U.S. Weekly Jobless Claims Unexpectedly Inch Up To 870,000

In a sign of continued weakness in the labor market, the Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended September 19th. The report said initial jobless claims inched up to 870,000, an increase of 4,000 from the previous week’s revised level […]

U.S. Weekly Jobless Claims Pull Back But Remain Above 1 Million

After reporting an unexpected increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back in the week ended August 22nd. The report said initial jobless claims dropped to 1.006 million, a decrease of 98,000 from the previous week’s revised […]

This State Had An Unemployment Rate Of 16.1% Last Month

The economic disaster brought on by COVID1-19 has caused millions of people to lose their jobs. Unemployment nationwide was 10.2% in July, worse than any month in the Great Recession. In one state, the situation is much worse. The unemployment rate in Massachusetts was 16.1% last month, which is 58% above the national average. Almost […]

Receiving unemployment payments? Why tax season might cost you next year

People who lost their jobs amid Covid-19 were eligible for unemployment, along with a weekly federal $600 unemployment payment that ended on July 31. These benefits are subject to taxes, and failure to withhold now could mean a tax bill or a smaller refund next year. A low-income household with three kids could qualify for […]

Republican relief plan slashes unemployment benefits by 43% for average worker

Senate Republicans want to replace a $600-a-week boost to unemployment benefits with $200 a week.  That would represent a 43% cut in total state and federal benefits relative to the current enhancement.  The extra $200 a week is meant as a bridge policy until states can implement a 70% income replacement formula, which labor experts […]

Unemployment is recovering fastest from coronavirus lockdown in these 10 states

America sees record job growth as the economy adds 4.8 million jobs and the unemployment rate drops to 11 percent Fox Business Briefs: The job market shows signs of improvement as close to 5 million jobs added and a drop in the unemployment rate. The U.S. economy added a record-shattering number of jobs in June, […]

U.K. Job Vacancies Decline Even Amid Economy’s Reopening

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. U.K. online job vacancies declined last week, a sign of a weakening labor market just as Chancellor Rishi Sunak attempts to stem unemployment in the wake of the coronavirus […]

U.S. Jobless Claims Dip Much Less Than Expected To 1.427 Million

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a decrease of 55,000 from the previous week’s revised level of 1.482 million. Economists had expected […]

U.S. Manufacturing Gauge Rises to 14-Month High on Reopenings

A closely watched measure of U.S. manufacturing jumped in June to the highest in more than a year, signaling the resumption of growth as pandemic-related lockdowns ended. The Institute for Supply Management said Wednesday that its gauge jumped by 9.5 points, the most since August 1980, to 52.6 last month. Readings above 50 indicate that […]