Job Openings Tick Lower in Latest Report
After each monthly unemployment report, there is another look at the jobs economy. The U.S. Department of Labor releases its Job Openings and Labor Turnover Summary.
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Jobs Report Beats Estimates but Remains in Deep Hole
The U.S. unemployment fell to 7.9% in September as 661,000 people found jobs.
These 2 Cities Had an Unemployment Rate of 2.7% Last Month
The employment bases in the lowest unemployment cities are stable, as well as in industries in which layoffs are unlikely.
September Job Cuts 186% Higher
In the first nine months of 2020, U.S. companies have announced nearly 2.1 million job cuts, already more than the record full-year total set in 2001.
This City Has an Unemployment Rate of 23%, the Highest in America
Out of all the American cities the Bureau of Labor Statistics tracks, these four had the highest unemployment rates in August.
Disney’s 28,000 Layoffs Are Tip of Travel Jobs Nightmare
Layoffs in the travel and entertainment industry could upend the economic recovery. The process already has begun and is certain to spread.
Ageism Is Rampant in COVID-19 Era
Older workers who lost their jobs due to the coronavirus pandemic have dropped out of the workforce or are having more difficulty finding new jobs than are younger workers.
COVID-19 Pandemic Muddies Seasonal Hiring Plans at US Firms
The COVID-19 pandemic has lifted uncertainty among many retailers and other firms related to how many seasonal employees they'll be hiring. A repeat of last year's strong hiring is unlikely.
Can the 6.6 Million Job Openings Actually Be Filled?
Each week following the unemployment report, the U.S. Department of Labor releases its monthly Job Openings and Labor Turnover Summary.
CEO Turnover Slowed in August; Down 11% for the Year to Date
The latest data from outplacement firm Challenger, Gray & Christmas indicates that the pace of CEO departures in August slowed month over month, year over year, and for the first eight months of the…
Teenage Unemployment Nearly Double National Average
The Bureau of Labor Statistics released its August jobs report for nonfarm payroll employment. The national figure dropped to 8.4%. The number of unemployed people dropped 2.8 million to 13.6 million. It was good…
What Is a ‘K-Shaped’ Recovery?
Economists have traditionally used three letters to describe an economic recovery. A “V-shaped” one is a sharp decline in gross domestic product followed by a rapid recovery. The process takes a few months. In…
The Unemployment Rate In America’s 389 Cities Two Months Before The Election
The unemployment rate in July was 10.5%, an improvement from each of the two prior months. However, the figure is still above the worst single month of The Great Recession–October 2009. According to the…
What ‘Going to Work’ Will Mean in the Very Near Future
Some of the changes to Americans' work lives brought about by the COVID-19 pandemic have been popular. Others, not so much.
Employers Have Cut 1,963,458 Jobs Through August, Triple 2019 Annual Total
Announced job cuts for the first eight months of this year surpass 2019's 12-month total for last year. Roughly 1.1 million of the cuts are related to the COVID-19 pandemic.