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Dow jumps by 700 points after latest jobless data brings better news for America’s labor market. Lucy Bayly, CNN ... for unemployment benefits fell last week to 233,000 from the prior week’s ...
New data from the Department of Labor showed nearly 1.84 million claims were filed in the week ending June 22, up from 1.82 million the week prior. Meanwhile, the 4-week moving average of weekly ...
The unemployment rate was forecast to remain at 4.1%. However, while Friday’s report showed that the cracks in the labor market may be widening, there also were indications it still remains on ...
The ILO estimates global unemployment to rise between 5.3 million ("low" scenario) and 24.7 million ("high" scenario) from a base level of 188 million in 2019 as a result of COVID-19's impact on global GDP growth. By comparison, global unemployment went up by 22 million during the Great Recession. Women informal workers, migrants, youth and the ...
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
The unemployment rate has largely risen due to an increase in the labor supply — people either entering the labor force for the first time or just coming back to work — rather than a rise in ...
The employment market situation is also a big blow. According to the National Statistical Office, the number of employed people decreased by more than 350,000 in June from a year earlier due to the shock of the job market caused by the spread of COVID-19. The unemployment rate soared to the highest since 1999 when the statistics began to be ...
The unemployment rate rose to 4.1%, up from 4% in the month prior and the highest reading in almost three years. June's job additions were a slight decline from May, which saw job gains revised ...