Tag: jobless

US jobless claims rise back above one million

Image copyright Getty Images The number of Americans seeking unemployment benefits unexpectedly climbed back above one million last week, official figures show. The Labor Department said claims rose to 1.1 million, ahead of economists’ forecasts of 925,000. The rise came as US President Donald Trump faces increased pressure over his handling of the health crisis. Coronavirus infections continue to spread… Read more →

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US jobless claims below 1m for first time since March

Image copyright Getty Images Image caption More than 28 million Americans remain on unemployment The number of Americans filing new claims for unemployment has dipped below 1 million for the first time since March. About 963,000 people sought the benefits last week, down from nearly 1.2 million the week before, the Labor Department said. The figures have been subsiding since… Read more →

Jobless in the pandemic: ‘It’s hard to stay positive’

Image copyright PA Media Image caption Many people currently working from home are fearful of ultimately losing their jobs UK unemployment figures due out on Tuesday could show the coronavirus pandemic finally taking its toll on the jobs market. The headline unemployment rate has remained at 3.9% since the lockdown was introduced. Joblessness has not surged, as many feared, because… Read more →

US jobless claims worse than expected despite reopening

Image copyright Getty Images A further 1.5 million Americans filed for unemployment last week, a higher-than-expected number that signals the economic damage caused by the pandemic is continuing. Although reopening is underway throughout the country, the number of new applications for benefits fell by just 58,000, the Labor Department said. It was the 13th week in a row the figures… Read more →

Coronavirus: US workers seeking jobless aid near 40 million

Image copyright Getty Images A further 2.4 million Americans sought unemployment benefits last week, despite hopes that easing lockdown restrictions would help restart the US economy. The new filings brought the total since mid-March to roughly 38.6 million – almost a quarter of the workforce. The weekly figures have declined since peaking at almost 6.9 million at the end of… Read more →