Jobless Claims Enter Depression-Era Levels
Just when you hoped or thought things could not get worse on the jobless and unemployment news, they did. Weekly jobless claims hit a whopping 6.6 million last week.
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This Year Could Be the End of Summer Jobs for the Young
Summer jobs could fall by half year over year as the U.S. economy continues to struggle with the coronavirus outbreak.
CEO Turnover Slows to a Stop in March
The number of CEOs who left their jobs in March was the lowest in 20 months, according to outplacement firm Challenger, Gray & Christmas. However, the first-quarter total was the second-highest on record.
Postal Workers Want Hazard Pay. The Answer Is No.
Petitions have started to circulation around the country. Postal workers need to receive hazard pay, they say. Up until now, the answer has been “no.” Because of how the U.S. Postal service is managed,…
Great Depression Unemployment Level Would Wipe Out 40 Million US Jobs
The jobless rate will soar for months, as millions of workers in deeply wounded industries and in companies trying to preserve cash are pushed off the payroll.
The Big Jump in March Unemployment Was Only the Start
Unemployment skyrocketed and payrolls began a major retreat in March. Sadly, the reported numbers are just the start as they did not include the most recent data.
Depression-Level Unemployment Would Push 40 Million People Out of Work
The peak unemployment level of the Great Depression was nearly 25% in 1933. Such a jobless rate may be closer than people think.
US Employers Slashed 222,000 Jobs in March
U.S. companies announced more than 222,000 job cuts in March, a year-over-year increase of nearly 300%. The vast majority of the job losses were attributed to the outbreak of COVID-19.
When Jobless Claims Could Get No Worse, They Just Did
The unemployment situation has gone from the best jobs market ever to an atrocious job market faster than any time in history.
March ADP Payrolls Losses Show Only the Start of the Unemployment Carnage
Total nonfarm private sector payrolls were down only 27,000 in ADP's report for March, but that did not include all the data.
The Coming Unemployment Report Should Be Ghastly and Confirm the Recession
24/7 Wall St. has looked at the preliminary expectations for this week's unemployment and payrolls data. Some of the data seem drastic, but some of the absolute percentages and drops are likely to look…
98% of Companies Institute Work From Home
A recent survey by Challenger, Gray & Christmas indicates that nearly all U.S. companies have either already instituted or are considering instituting work-from-home policies during the coronavirus outbreak.
Half of Companies in a Recent Survey Are Hiring
While the restrictions on gatherings and movements have cost millions of Americans their jobs, there are some companies that are looking for employees now, according to Challenger, Gray & Christmas.
Coronavirus Cases Jump 60%, 9 Million Jobs at Risk
New cases of COVID-19 jumped by more than 1,200 in one day and some 9 million Americans who work in the leisure and hospitality industry face temporary (or worse) layoffs due to the pandemic.
Potential Impact of Coronavirus Tops 7 Million Jobs
State and local government mandates against gatherings are putting more than 7 million jobs in a dozen states and the District of Columbia.