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COVID-19

The Fed says big banks have passed their COVID-era stress tests

by Nancy Marshall-Genzer
Jun 25, 2020
But the central bank is putting a stop to share buybacks and limiting bank dividends.
The Federal Reserve Building in Washington, D.C.
Chip Somodevilla/Getty Images
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COVID-19

Falling unemployment rate suggests businesses are bringing workers back amid COVID-19

by Associated Press
Jun 5, 2020
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
It's a surprisingly positive reading in the midst of a recession that has paralyzed the economy.
Olivier Douliery/AFP via Getty Images
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COVID-19

The unemployment rate spiked to 14.7% in April. It doesn't fully capture COVID-19 job losses.

by Mitchell Hartman
May 8, 2020
Some have lost jobs since the April survey, others may not be counted as unemployed because they are not actively seeking work.
Unemployment numbers are likely missing people who aren't working in order to home-school or care for family. Above, a mom works while her son does schoolwork during the pandemic.
Brendon Thorne/Getty Images
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Economic Anxiety Index®

Here’s how the COVID-19 pandemic has affected Americans’ paychecks and working hours

by Janet Nguyen
May 5, 2020
Our Marketplace-Edison Research Poll looks at how Americans are dealing with COVID-19.
An employee cleaning tables at a business in Franklin, Tennessee.
Jason Kempin/Getty Images
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COVID-19

Labor force participation rate signals massive job loss

by Mitchell Hartman
Apr 30, 2020
With first-time jobless claims topping 30 million since mid-March, the Labor Department's April unemployment rate may under-count job loss.
A city worker hands out applications for unemployment benefits at a drive-through center.
Joe Raedle/Getty Images
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COVID-19

Despite staggering unemployment numbers, it's even worse than it looks

by Mitchell Hartman
Apr 9, 2020
Nearly one out of 10 people who had a job to go to before the pandemic don't have one now.
One expert estimates unemployment in the U.S. is around 14% currently.
Angela Weiss/AFP via Getty Images
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COVID-19

U.S. economy loses 701,000 jobs, unemployment rises to 4.4%

by Janet Nguyen
Apr 3, 2020
Today's jobs report breaks a more than 9-year streak of job gains.
amstockphoto/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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COVID-19

Weekly unemployment claims start to give a snapshot of COVID-19 layoffs

by Mitchell Hartman
Mar 19, 2020
Many companies are laying off workers. Weekly jobless claims will tell us how many people are now filing for state unemployment benefits.
For the week of March 14, there were 281,000 new claims, the highest level for initial claims since Sept. 2, 2017.
Justin Sullivan/Getty Images
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Divided Decade

Divided Decade: How the financial crisis changed jobs

by Tommy Andres
Dec 19, 2018
The work we do and the way we’re paid is different.
Amy Grady, who ran as an independent for a seat in the West Virginia state Senate, teaches in her classroom at Leon Elementary on Oct. 18, 2018 in Leon, West Virginia.  West Virginia teachers went on strike this year demanding higher pay and better health care.
MICHAEL MATHES/AFP/Getty Images
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