Yellen sees full employment next year with Biden’s stimulus plan
Treasury Secretary Janet Yellen said that low-wage earners, minorities and women are suffering the most and could face “permanent” damage from a prolonged slowdown.
Economic indicators
The economic recovery has a child care problem
More than one-third of parents — mostly women — have yet to return to jobs they lost, largely because there’s no one to look after their kids.
Working from home is here to stay, so let’s get it right
Though it was initially necessary to keep employees from getting sick, remote work promises to make people more productive and happier while helping the environment and preserving infrastructure.
The first female recession threatens to wipe out decades of progress for U.S. women
As many as tens of millions of women may never return to the labor force, even after a vaccine is found. Altogether, global gross domestic product could be $1 trillion less in 2030 than it would be without a gender unemployment gap.
Why keeping women employed during COVID-19 boosts business and the economy
“This isn't just an issue for women. It's an issue for families, and it's an issue for the government and economies because it drives GDP,” says Jennifer Reynolds, a former investment banker and CEO of Toronto Finance International.
Job gains face a tougher road ahead without stimulus aid
Chances of further employment and economic gains are diminishing without the widespread stimulus payments and small-business aid that have sustained incomes and spending.
Millions of U.S. jobs to be lost for years, IRS projections show
The Internal Revenue Service projects that lower levels of employment in the U.S. could persist for years, showcasing the economic fallout of the coronavirus pandemic.
Jobless rate surges to 14.7% in worst-ever labor reversal
Joblessness now stands at the most since the Great Depression era of the 1930s after the coronavirus pandemic brought the U.S. economy to a standstill.
U.S. companies cut a record 20.2 million jobs, ADP says
The Labor Department’s figures are projected to show a jobless rate surging to 16%.
Jobless claims at 4.43 million in labor rout’s fifth week
The five-week total for unemployment claims reached 26.5 million in the steepest downturn for the U.S. labor market since the Great Depression.
The $90 trillion question is how to get people back to work
The juggling act for policy makers will be to reopen without triggering a second wave of infections that leads to a fresh round of lockdowns and yet more economic damage.
Women, on the front lines of coronavirus, are at high economic risk
Women hold many of the jobs considered vital during this national emergency, meaning they’re being asked to stay on the front lines longer, risking their health and safety.
U.S. jobless claims jump to 3.28 million, quadruple prior record
“This morning’s data leaves no doubt that the economy is currently in a recession,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.
Jobless claims drop to four-week low in tight labor market
Companies may be less likely to let employees go with more job openings and increased difficulty attracting talent.
