Mortgages

After several years of increases, less than a third of millennials now anticipate changing jobs in the next two years. Young people cited the need for stability as one reason for their desire to stay put.

The hunt for a job this summer has become even more difficult for the nation’s youth because of the coronavirus pandemic.

Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.

Racial inequality has been under a harsh spotlight in the U.S. since the George Floyd, an unarmed black man, died at the hands of a white police officer in Minneapolis, sparked days of continuing nationwide protests.

The disparity raises the prospect that women’s gains in the labor market and efforts to reduce the gender pay gap are being undermined by the lockdown.

Young people entering the labor market during a recession can suffer the fallout for years because they struggle to find a job or have to take one that doesn’t match their educational background.

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

The Labor Department’s figures are projected to show a jobless rate surging to 16%.

The more than 26 million people who have filed unemployment claims in the past five weeks provide only a partial picture of workforce dislocations, with tens of millions more facing additional risks.

The International Labour Organization expects 195 million full-time job losses globally, and forecasts a “significant rise” in underemployment.