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This was the week that the economic toll of the coronavirus pandemic really became clear.
On Thursday, the Labor Department revealed that around 3.3 million Americans filed for unemployment benefits in the week ending March 21, a record high....
With COVID-19 wrecking the economy and forcing millions of Americans out of their jobs, many workers are now scrambling to file for unemployment benefits, take out loans, or do whatever they can to ensure that they're able to pay for essential...
Related topics: Taxes
At last check, there were 81,510 unemployment filings between Sunday and Thursday alone, bringing the total count for unemployment filings in Hawaii for the month of March up to 97,402. Numerous industries have been hit hard by the combination of...
Image: Postmates
New York’s Court of Appeals has reinstated a 2015 decision determining that couriers for on-demand delivery app Postmates should be classified as employees, making them eligible for unemployment insurance at a time when the US...
Congress’ frenzied effort to respond to the coronavirus crisis has been one of the most furious sessions of lawmaking in history. Just days after a congressional staffer tested positive for the virus, the House passed a bipartisan coronavirus...
It's Not About Jobless Claims Today, It's About What Will Hamper Job Growth In A Few Months
Authored by Jeffrey Snider via Alhambra Investments,
You’ve no doubt heard about the jobless claims number. At an incomprehensible 3.28...
Hunt Military Communities is looking to hire up to 30 people help run military housing complexes on Oahu, and dozens of other companies in Hawaii are advertising for employees, even as tens of thousands of workers file for unemployment benefits...
Related topics: Military
Gig economy workers in New York won a significant battle this week after the state's Court of Appeals ruled in their favor against Postmates. Supporting a previous state decision, the court said Postmates couriers should be considered employees...
"... designed to respond to the coronavirus pandemic and deliver direct payments and jobless benefits for individuals, money for states and a huge bailout fund for businesses battered by the crisis. The House approved the measure by voice vote... It...
“Congress gave final approval on Friday to the largest economic stimulus package in modern American history, a $2 trillion measure designed to respond to the coronavirus pandemic and deliver direct payments and jobless benefits for...
Could the stalled economy we've inflicted on ourselves in our frantic efforts to battle the COVID-19 pandemic lead to civil disorder? History suggests that's a real danger.
Around the world, high unemployment and stagnant economic activity tend to...
With more than a million Californians filing unemployment claims since March 13, Gov. Gavin Newsom has been working with big banks on a deal to make sure homeowners will be protected.
And he struck a deal: Four of the nation’s five largest banks...
Related topics: Banking, Mortgages
From the BLS: Regional and State Employment and Unemployment SummaryUnemployment rates were lower in February in 8 states, higher in 1 state, and stable in 41 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today....
The Labor Department provided the material Thursday for what Axios' Felix Salmon called "the most stunning chart of this crisis yet — the number of people filing for unemployment spiked to 3.3 million last week, a number unprecedented in U.S....
On this episode of Fault Lines, hosts Garland Nixon & Lee Stranahan talked about the stimulus bill currently in Congress, the global political responses to COVID-19, and the future of post-pandemic American politics and policy.
This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here.
Record High
A record 3.28 million workers applied for unemployment benefits last week as the new coronavirus hit the U.S. economy, marking an...
COVID-19 has not only battered the stock market but ravaged the U.S. economy, and with unemployment claims coming in at such a rapid pace that they're overwhelming online filing systems, it's clear that Americans are desperate for relief. So...
On March 26, the Department of Labor revealed that more than three million Americans have filed unemployment claims in the past week. The coronavirus pandemic, which effectively halted the economy, is to blame for the sharp rise. The numbers...
Related topics: Donald Trump
The coronavirus hasn’t been kind to the world economy. Businesses are shuttering, stocks are plummeting, and unemployment claims are rising quicker than anyone could have predicted. We get it. None of this bodes well for your wallet. Fortunately,...