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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.
May 8 -
The Labor Department’s figures are projected to show a jobless rate surging to 16%.
May 6 -
The International Labour Organization expects 195 million full-time job losses globally, and forecasts a “significant rise” in underemployment.
April 24 -
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.
April 23 -
The jobless rate jumped to 4.4% — the highest since 2017 — from a half-century low of 3.5%, and is expected to surge above 10% in the coming months.
April 3 -
“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.
March 26 -
Locales with high concentrations of jobs in industries such as retail and health care could see as much as a 4% decline in their annual growth rate if the shutdowns last just a month.
March 24 -
The bank is grappling with risks from the Hong Kong protests and China’s coronavirus outbreak, among other financial strains.
February 18 -
Jobless claims are at the lowest rate since the end of September.
January 23 -
Companies may be less likely to let employees go with more job openings and increased difficulty attracting talent.
January 2