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COVID & Unemployment

What you need to know about the job market during the COVID-19 pandemic.

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COVID & Unemployment

The good news? The economy added 1.4 million jobs in August. The bad news? The economy only added 1.4 million jobs in August.

by Mitchell Hartman
Sep 4, 2020
The economy's clawing its way back from historic job losses in the spring, but it's only halfway back to pre-pandemic levels.
A barista making coffee at an Oklahoma cafe. While 1.4 million new jobs were added in August, employment gains are slowing.
Johannes Eisele/AFP via Getty Images
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COVID & Unemployment

The U.K. has a plan to pay businesses that hire young people

by David Brancaccio , Victoria Craig and Meredith Garretson
Sep 4, 2020
Businesses get about $2,000 for every six-month placement they provide for the unemployed.
The goal is to create around 300,000 jobs and help train these entry-level workers. Pictured: U.K. Chancellor of the Exchequer Rishi Sunak at a Jobcentre Plus in London.
Anthony Upton-WPA Pool/Getty Images
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COVID & Unemployment

U.S. unemployment rate falls to 8.4% even as hiring slows

by David Brancaccio , Meredith Garretson and Alex Schroeder
Sep 4, 2020
Employers added 1.4 million jobs, but that's the fewest since the pandemic began.
A lot of people who were on temporary furlough actually got their jobs back, including those in the retail sector.
Bryan R. Smith/AFP via Getty Images
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COVID & Unemployment

For state workers, revenue decreases mean job cuts

by Andy Uhler
Sep 4, 2020
In Texas, leaders have already asked some departments to trim their budgets.
A Kentucky elementary school teacher leading an online class. Among the most vulnerable government workers are those in education and health care.
Andy Lyons/Getty Images
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COVID & Unemployment

The seasonal adjustment to jobless claims has been ... adjusted

by Mitchell Hartman
Sep 3, 2020
The adjustments smooth out predictable changes in employment, but the pandemic economy has broken them.
This week, the Bureau of Labor Statistics changed its methodology in adjusting for seasonal jobs, like that of a lifeguard. It makes the data more accurate, but also more confusing.
Angela Weiss/AFP via Getty Images
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COVID & Unemployment

Jobless claims fall to 881,000 but layoffs remain elevated

by Associated Press
Sep 3, 2020
And 13.3 million people are continuing to receive traditional jobless benefits.
Dia Dipasupil/Getty Images
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COVID & Unemployment

A spike in long-term unemployment is looming

by Mitchell Hartman
Sep 2, 2020
Temporary layoffs are becoming permanent for more furloughed workers.
A shuttered theater in Los Angeles. People laid off early in the pandemic who are still out of work are approaching what the Labor Department defines as long-term unemployed.
Frederic J. Brown/AFP via Getty Images
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COVID & Unemployment

CDC issues nationwide ban on evictions through the end of the year

by Samantha Fields
Sep 2, 2020
The moratorium offers the broadest protection yet to renters who are struggling because of COVID-19.
Michael M. Santiago/Getty Images
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COVID & Unemployment

Nearly a third of Americans worry about having their work hours cut or losing their jobs

by Kimberly Adams
Sep 1, 2020
And according to Americans who've already lost their jobs, they should be.
An employee at the newly reopened Metropolitan Museum of Art in New York. With unemployment widespread, many people who have kept their jobs are worried about losing them.
Kena Betancur/AFP via Getty Images
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COVID & Unemployment

Temporary furloughs are turning into permanent job losses during the pandemic

by David Brancaccio , Rose Conlon , Erika Soderstrom and Alex Schroeder
Sep 1, 2020
It's a hit to morale and skill-building for the workforce.
A front desk worker assists a patron with checking in at the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas. MGM Grand Resorts has announced it will lay off 18,000 workers who were previously temporarily furloughed.
Ronda Churchill/AFP via Getty Images
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