Page 5 - Us Unemployment Rate
US unemployment claims jump to 965,000 as Covid-19 virus takes toll
The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. Last spring, after nationwide shutdowns took effect, applications for jobless benefits spiked to nearly 7 million 10 times the previous record high. After declining over the summer, weekly claims have been stuck above 700,000 since September. The high pace of layoffs coincides with an economy that has faltered as consumers have avoided traveling, shopping and eating out in the face of soaring viral caseloads. More than 4,300 deaths were reported Tuesday, another record high. Shutdowns of restaurants, bars and other venues where people gather in California, New York and other states have likely forced up ...
 "US unemployment claims jump to 965,000 as Covid-19 virus takes toll")
US economy sheds jobs in December; unemployment rate at 6.7%
Despite the labor market weakness, the economy is unlikely to fall back into recession, with a backstop of nearly $900 billion in additional pandemic relief approved by the government last week
 "US economy sheds jobs in December; unemployment rate at 6.7%")
US jobless benefit cut-off pushes millions to financial cliff-edge
Emergency unemployment benefits of roughly 14 million ended on Saturday
 "US jobless benefit cut-off pushes millions to financial cliff-edge")
US weekly jobless claims surge to a three-month high amid Covid pandemic
The number of initial jobless claims in the US increased to reach 853,000 last week, the highest since mid-September, the Labour Department reported
 "US weekly jobless claims surge to a three-month high amid Covid pandemic")
US says Covid-19 relief package won't offer $1,200 in direct payments
US lawmakers closed in on a Covid-19 relief bill that would provide roughly $300 in extra federal weekly unemployment benefits but not another round of $1,200 in direct payments to most Americans
 "US says Covid-19 relief package won't offer $1,200 in direct payments")
US weekly unemployment claims fall, but still at elevated levels
The United States is in the midst of a fresh wave of COVID-19 infections, with 4.2 million new cases and more than 35,000 coronavirus-related deaths reported in November.
 "US weekly unemployment claims fall, but still at elevated levels")
US unemployment claims increase to 778,000 as pandemic worsens
The intensifying pandemic is threatening to accelerate the pace of layoffs
 "US unemployment claims increase to 778,000 as pandemic worsens")
US unemployment rate falls to 6.9% as labour market slowly recovers
US employers added 638,000 jobs in October and the unemployment rate dropped to 6.9%, as the nation's coronavirus-ravaged labour market continues to slowly recover, the Labour Department reported
 "US unemployment rate falls to 6.9% as labour market slowly recovers")
World Coronavirus Dispatch: China rolls out vaccine, eyes global market
Beijing is set to expand a programme that administers experimental coronavirus vaccines as Chinese developers chart a risky path to dominating global supplies
 "World Coronavirus Dispatch: China rolls out vaccine, eyes global market")
At 7.9%, US unemployment rate spells trouble for Trump ahead of polls
The mass exit of women from their jobs coincided with the start of the US school year, with many children learning online and at home
 "At 7.9%, US unemployment rate spells trouble for Trump ahead of polls")
US job growth slows, nearly 4 million Americans permanently unemployed
The slowdown in hiring compounds problems for Trump, who announced overnight that he had tested positive for coronavirus
US registers third month of slow hiring in last report before elections
The unemployment rate fell last month to 7.9% from 8.4% in August
 "US registers third month of slow hiring in last report before elections")
Unemployment rate rises in US as govt stimulus for recovery fades
Federal Reserve Chair Jerome Powell told lawmakers on Wednesday that Congress and the U.S. central bank needed to "stay with it" in working to support the economy's recovery
 "Unemployment rate rises in US as govt stimulus for recovery fades")
US retail sales rise in August, growth slows as unemployment benefits end
Much of last month's growth came from spending at restaurants and bars, which are just starting to let people in to eat and drink
 "US retail sales rise in August, growth slows as unemployment benefits end")
Why Trump's approval ratings on economy remain steady amid Covid recession
The president has built an enduring brand with conservative voters, in particular, who continue to see him as a successful businessman and tough negotiator
 "Why Trump's approval ratings on economy remain steady amid Covid recession")
US job postings rise to 6.6 million in July, hirings drop to 5.8 million
The Labour Department said Wednesday that the number of US job postings on the last day of July rose to 6.6 million from 6 million at the end of June
 "US job postings rise to 6.6 million in July, hirings drop to 5.8 million")
US job growth slows further in August, unemployment rate falls to 8.4%
Nonfarm payrolls increased by 1.371 million jobs last month after advancing 1.734 million in July, the Labor Department's closely watched employment report showed
 "US job growth slows further in August, unemployment rate falls to 8.4%")
US economic recovery to be muted until Covid is contained: Fed officials
Consumer spending will probably remain weak relative to the past as people avoid activities that require high levels of social interaction for health reasons, Boston Fed President Eric Rosengren said
 "US economic recovery to be muted until Covid is contained: Fed officials")
US weekly jobless claims rise to 1.4 mn as $600 benefit is set to expire
Weakening of the labour market has raised fears the economy will shed jobs again in July, after sharp hiring gains in May and June
 "US weekly jobless claims rise to 1.4 mn as $600 benefit is set to expire")
US jobless claims declined to 1.3 mn last week, but still at historic high
The new report also showed that the four-week moving average, a method to iron out data volatility, decreased by 63,000 to reach 1.4 million