Tag: jobless

Jobless figures ‘not showing full extent of crisis’

Image copyright Getty Images The way the UK reports unemployment may not reflect the “true scale of joblessness”, says a think tank. Unemployment rose by 34,000 in April to reach 1.3 million, according to the Office for National Statistics (ONS). But the Resolution Foundation argues that the 23% drop in average hours worked between early March and late April is… Read more →

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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 →