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With latest wave of COVID-19 layoffs, 2.4 million more Americans file for unemployment

by Associated Press
May 21, 2020
Another 2.2 million sought aid under a new program for self-employed, contractor and gig workers.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors.
Olivier Douliery/AFP via Getty Images
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COVID-19

Pay no attention to Friday's jobs numbers

by Mitchell Hartman
Apr 2, 2020
The BLS monthly jobs report is based on surveys conducted in mid-March, before the recent wave of layoffs and furloughs.
Job listings are down in hospitality and travel during COVID-19. Above, a note of closure on the door of the Waterfront Hotel in Baltimore, Maryland, on March 19.
Jim Watson/AFP via Getty Images
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Where's the wage growth?

by Mitchell Hartman
Jan 10, 2020
In December, wage gains slowed from earlier in 2019, with average hourly earnings up 2.9% year over year.
Andrew Burton/Getty Images
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U.S. adds 136,000 jobs; unemployment hits 50-year low of 3.5%

by Associated Press
Oct 4, 2019
The U.S.-China trade war has slowed hiring, and average hourly wages have slipped.
Job seekers wait in line to speak with Amazon recruiters and other company volunteers about job opportunities at Amazon during a career fair held at Vertiport Chicago on September 17, 2019 in Chicago, Illinois. The event was one of several Amazon career fairs held across the country today as the company attempts to fill more than 30,000 full and part-time positions.
Scott Olson/Getty Images
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Labor Department deregulation expected to pick up steam after Acosta

by Kimberly Adams
Jul 12, 2019
Analysts say that under the new acting secretary, Patrick Pizella, deregulation is likely to quicken.
Labor Secretary Alexander Acosta gives a press conference at the U.S. Department of Labor on July 10, 2019 in Washington, D.C.
Brendan Smialowski/AFP/Getty Images
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Jobs report to top the agenda after the July 4 holiday

by Justin Ho
Jul 4, 2019
The big question: Is the trade war affecting hiring?
Joe Raedle/Getty Images
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Slowdown in employment is broad-based

by Mitchell Hartman
Jun 7, 2019
But it's too soon to say the 10-year economic expansion has run its course.
Economists say some of the pullback in employment last month may be due to uncertainty about U.S. trade policy. Above, workers process cattle near the U.S.-Mexico border in Santa Teresa, New Mexico.
Joe Raedle/Getty Images
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Data show a job market that's slowing, or at least pausing

by Mitchell Hartman
Dec 7, 2018
Two numbers in the Labor Department’s jobs report Friday seem to indicate the job market might be slowing down a bit, or at least hitting the pause button. First, what it calls the U-6 unemployment rate: It measures total unemployment, including discouraged and underemployed workers. It rose 0.2 percent to 7.6 percent. Second, within that U-6 […]
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For some workers, big pay raises. Others, not so much.

by Mitchell Hartman
Aug 3, 2018
Bank tellers, truck drivers and bartenders are among those in high demand.
Commuters make their way through Grand Central Terminal during evening rush hour in New York City.
Andrew Burton/Getty Images
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With unemployment so low, where are the workers coming from?

by Justin Ho
Aug 3, 2018
The U.S. economy created 157,000 jobs in July. The unemployment rate dipped to 3.9 percent. The last time was saw unemployment that low? The year 2000. What does all of this mean for wages? And for businesses looking to hire more workers?
Commuters arrive from Metro North Railroad trains in Grand Central Station in New York October 19, 2016.
TIMOTHY A. CLARY/AFP/Getty Images
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