ADP Payrolls for May Shows Job Losses Peaked in April
ADP reports that the private sector payrolls lost far fewer jobs that expected in the month of May.
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Weekly Jobless Claims Keep Improving in This Recession Despite Atrocious Historical Comparisons
The U.S. Department of Labor has reported that jobless claims fell last week, but the were nowhere close to good numbers.
In Michigan, 46,000 Students May Have Nowhere To Go
University of Michigan President Mark Schlissel says he may not open the school, at all, this year. The decision will be made soon. If he keeps the school shuttered, over 46,000 students will have…
CEO Turnover Plunges to 16-Year Low
CEO departures slowed to a trickle in April, plunging to their lowest level since November of 2014, according to the latest report from outplacement firm Challenger, Gray & Christmas.
Teenage Unemployment Spikes to 32%
Many teenagers count on summer jobs to supplement income for the balance of the year. For a huge number, that opportunity is lost this year.
The 20.5 Million April Jobs Lost May Still Be Worse in the Jobs Market Carnage
Everyone knew it was going to be a ghastly jobs number, but there may be some decent news in the report.
Why Almost 3.2 Million Weekly Jobless Claims Almost Has Good News for Unemployment
The Labor Department's report of more than 3 million jobless claims for the week ending May 2, 2020, actually might have some good news in it.
April Job Cuts Total 670,000, Most Ever Recorded
Outplacement firm Challenger, Gray & Christmas reported Thursday that more than 670,000 job cuts were announced in April, the highest total ever. Just over 98% of the cuts were related to the COVID-19 pandemic.
20 Million Job Losses From ADP May Still Be Understated
Due to the timing of the reporting periods, this ghastly ADP report might not even capture the true carnage in the American jobs market.
When 3.8 Million Jobless Claims Sounds Like Good News
About 30 million people have filed for weekly jobless claims since the beginning of March as the recession continues to rage, including almost 4 million people who filed for unemployment benefits last week.
Is There at Least Some Good News in Seeing 4.4 Million Jobless Claims?
The number of weekly jobless claims in the past month has been nothing short of mind-boggling. Thursday’s top economic report was the weekly jobless from the U.S. Department of Labor, and its Bureau of…
CEOs Who Make 1000 Times What Their Workers Do
Some chief executives are paid at a stunning multiple of the people who worked at their corporations. In 2019, seven CEOs made 1,000 times more than the median pay.
Is There Actually Good News in the Atrocious 5.2 Million Weekly Jobless Claims?
The U.S. Department of Labor reported on Thursday that weekly jobless claims totaled more than 5 million last week. That was less than in the prior week but more than the forecasts.
COVID-19 Slashes 244,000 US Jobs in First 2 Weeks of April
Announced job cuts due to the COVID-19 outbreak totaled 244,000 in the first two weeks of April, an increase of 11% over job losses announced for all of March.
Unemployment Could Rise to 25% in Some States
JPMorgan researchers forecast that GDP could drop by 40% in the second quarter. The jobless rate nationwide could rise to 20%. That means some states, with workforces in the hardest-hit industries, could post unemployment…