Us Unemployment

S&P 500 inches closer to record high as coronavirus stimulus bets climb

Ultra-low interest rates, trillions of dollars in stimulus and, more recently, a better-than-feared second-quarter earnings season have allowed all three of Wall Street's main indexes to recover

Why Trump's Covid-19 relief orders may not put money in workers' pockets

Trump's order is likely to exacerbate the debt burden for states and prove costlier in the long term because state governments borrow at higher costs than the federal government

Trump signs executive order extending $400 weekly unemployment benefits

Trump moved to continue paying a supplemental federal unemployment benefit for millions of Americans out of work during the outbreak

Trump calls for extending jobless benefit as Congress wrestles deadlock

Trump is eager for another round of relief, and it's also a priority for GOP allies like McConnell, as well as House Speaker Nancy Pelosi and top Senate Democrat Chuck Schumer

What's at stake in the battle over US unemployment benefits in Congress?

Unemployment benefits to help laid-off Americans cover their bills as they look for work. They typically cover only a fraction of a worker's prior earnings

Americans on Covid-19 jobless benefits spent more than when working: Study

The analysis highlighted how the additional unemployment benefits are helping to prop up the U.S. economy and consumer spending after the pandemic led to a surge in joblessness across the country

Unemployment gap between black and white Americans widest in 5 years

Jobless rates for both groups fell in June, but the rate for whites came down at a much faster rate

US job growth roars back, but Covid-19 resurgence spells trouble ahead

Record spikes in new coronavirus infections in large parts of the country, including the highly-populated states of California, Florida and Texas, have forced several states to scale back reopenings

No one really knows how many Americans need unemployment benefits

Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday

US unemployment rate in May could hit highest level since World War II

Consumer confidence, manufacturing and services industries are also stabilising, though at low levels, hopeful signs that the worst was over

Covid-19 crisis: Jerome Powell warns of lasting harm; US stocks slump

The Dow Jones Industrial Average was down 496.84 points, or 2.09 per cent, at 23,267.94, the S&P 500 was down 52.72 points, or 1.84 per cent, at 2,817.40 (at 9:37 pm IST).

White-collar companies race to be last to return to the office

Google, Facebook, Amazon, Capital One and others are extending work-from-home policies to September and sometimes far beyond.

Coronavirus pandemic ravages US payrolls, April job losses top 20 million

The Labor Department's closely watched monthly employment report on Friday also showed the unemployment rate surging to 14.7% last month, shattering the post-World War Two record of 10.8%

US announces $19 bn coronavirus aid for farmers, food buys for poor

The US Agriculture Department is partnering with regional and local distributors to purchase $3 billion in such farm goods to be distributed to food banks, churches and aid groups

Torn over lifting curbs, Trump faces 'biggest decision ever'

"I'm going to have to make a decision, and I only hope to God that it's the right decision," Mr. Trump said on Friday during his daily news briefing on the fight against the coronavirus

Wall Street falls as coronavirus shreds US payroll; Dow, S&P slip over 1%

Even the loss of 701,000 jobs that Labor Department data showed for March did not completely capture the economic damage from the virus

Dow wraps up strongest three days since 1931; S&P 500 surges 6.24%

The Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was the index's strongest three-day percentage increase since 1931

Record 3.3 mn in US seek jobless benefits as coronavirus hammers economy

The normally routine report is at the frontlines of the economic crisis caused by the outbreak, which has forced widespread closures of restaurants, shops and hotels

US adds 156,000 jobs in August, unemployment rises to 4.4%

The jobless rate rose a tenth of a point to 4.4%, returning to the level seen in June

US weekly jobless claims drop; producer prices unexpectedly rise in June

Fed Chair Janet told lawmakers that economy was healthy enough for central bank to raise rates