Coronavirus Job Losses Now Top 36 Million

May 14, 2020 by Dan McCue
A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)

WASHINGTON – Nearly 3 million laid-off Americans applied for unemployment benefits last week, bringing the total job losses since the coronavirus pandemic took hold in mid-February to roughly 36 million, the Labor Department said Thursday.

An additional 842,000 people applied for aid through a separate federal program set up for the self-employed and gig workers, bringing last week’s total to 3.8 million.

Last week’s pace of new applications for aid is four times the record high that prevailed before the coronavirus struck hard in March.

Last week the government also reported the nation’s unemployment rate reached 14.7% in April, the highest rate since the Great Depression.

Most economists have forecast that the official unemployment rate could hit 18% or higher in May before potentially declining by summer.

As recently as February, the unemployment rate was just 3.5%, a half century low.

Employment

Weekly Jobless Claims Fall, But Still Top 1 Million for 16th Straight Week
Employment
Weekly Jobless Claims Fall, But Still Top 1 Million for 16th Straight Week
July 9, 2020
by Dan McCue

WASHINGTON - More than 1.3 million Americans applied for unemployment benefits last week, a pace that suggests employers continue to lay people off in the face of a resurgent coronavirus. The Labor Department said Thursday that the number of jobless benefits claims did decline from 1.4... Read More

Supreme Court Rules Job Discrimination Laws Don’t Protect Church-School Teachers
Employment
Supreme Court Rules Job Discrimination Laws Don’t Protect Church-School Teachers

WASHINGTON — The Supreme Court on Wednesday banned teachers who work at church-run schools from filing discrimination lawsuits against their employers, ruling that the Constitution’s protection for religious liberty exempts church schools from state and federal anti-discrimination laws. The justices, by a 7-2 vote, shielded two... Read More

College Grads Face Uphill Employment Battle Even as Unemployment Rate Declines
Employment
College Grads Face Uphill Employment Battle Even as Unemployment Rate Declines
July 6, 2020
by Sara Wilkerson

WASHINGTON - June is always an anxious time for new graduates, but there’s never been a summer in memory as stark for new job seekers as this one. Since the onset of the coronavirus pandemic, nearly 40 million have lost their jobs, and though the reopening... Read More

Employers Added Nearly 5 Million Jobs in June, Unemployment Eases
Employment
Employers Added Nearly 5 Million Jobs in June, Unemployment Eases
July 2, 2020
by Dan McCue

WASHINGTON - Employers added 4.8 million jobs in June, pushing the nation's unemployment rate down to 11.1%, down from a peak of 14.7% in April, the Labor Department said Thursday. June was the second month in a row of payroll gains after a loss of more... Read More

Bipartisan Coalition Requests Funding for Plugging Abandoned Oil and Gas Wells
Environment
Bipartisan Coalition Requests Funding for Plugging Abandoned Oil and Gas Wells
June 29, 2020
by Sara Wilkerson

WASHINGTON - A Coalition of Democratic and Republican House members have sent a letter to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif., to request Congressional funding to plug "orphan" oil and gas wells across the United States.  The letter was co-authored... Read More

US Initial Jobless Claims Worse Than Forecast For Second Week
Employment
US Initial Jobless Claims Worse Than Forecast For Second Week

A higher-than-expected number of Americans sought unemployment benefits for a second week, signaling a slowdown in U.S. labor market improvement. Initial jobless claims in regular state programs fell by 60,000 to 1.48 million last week from an upwardly revised figure the prior week, Labor Department data... Read More

News From The Well
scroll top