Employers Added Nearly 5 Million Jobs in June, Unemployment Eases

July 2, 2020 by Dan McCue
Glen Buhlmann, lower left, fills out a job application during a walk- and drive-up job fair in Seattle for clothing maker Outdoor Research's new line of face masks and other personal protection equipment the company has started manufacturing due to the coronavirus pandemic. U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains. (AP Photo/Ted S. Warren, File)

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 than 20 million jobs in April, when the coronavirus pandemic effectively paralyzed the nation.

Despite the apparent good news, economists responded with caution Thursday, noting the data was collected before the recent spike in new virus cases and the subsequent reversal of reopening orders in several states.

The department itself noted the unemployment number may have been as much as a point higher had it not been for persistent data-collection problems.

More timely data, also released by the Labor Department on Thursday morning, showed that 1.4 million Americans filed new claims for state unemployment benefits last week.

While that remains below its all-time peak. when the pandemic first hit, it still remains historically high.

In addition, more than 800,000 filed for benefits under the federal Pandemic Unemployment Assistance program.

Economists had expected roughly 3 million jobs to be added and the employment rate to decline to 12.5%.

Employment

1.2 Million Seek Jobless Aid After $600 Federal Check Ends
Employment
1.2 Million Seek Jobless Aid After $600 Federal Check Ends

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired. The Labor Department’s report Thursday marked the 20th straight week... Read More

Beyer, Kilmer Bill Offers Peace of Mind to Jobless Americans
Congress
Beyer, Kilmer Bill Offers Peace of Mind to Jobless Americans
July 27, 2020
by Dan McCue

WASHINGTON - Americans left jobless due to the COVID-19 pandemic could soon gain greater economic peace of mind thanks to a bill introduced Monday by Reps. Don Beyer, D-Va., and Derek Kilmer, D-Wash. The Worker Relief and Security Act ties expanded unemployment benefits to the current... Read More

As $600-a-Week Benefit Nears End, White House Suggests Short-Term Unemployment Bill
Economy
As $600-a-Week Benefit Nears End, White House Suggests Short-Term Unemployment Bill

WASHINGTON — With a $600-a-week unemployment benefit expiring this week, senior White House aides continued to suggest Sunday that a jobless benefit that was too generous would discourage people from going back to work. The officials said a short-term stopgap bill might be needed to keep... Read More

Congress Edges Toward Deal to Extend Federal Unemployment Subsidy in Coronavirus Bill
Congress
Congress Edges Toward Deal to Extend Federal Unemployment Subsidy in Coronavirus Bill

WASHINGTON — After initial resistance from some Republicans, Congress is inching closer to an agreement to extend at least some of the $600-a-week federal unemployment insurance subsidy approved this spring to help American workers hurt by the coronavirus crisis. When they return next week to begin... Read More

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

News From The Well
scroll top