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CityWatch: New York’s unemployment rate rose sharply to 14.5% in April, the highest ever on record

Workers in restaurants, nightlife, leisure, tourism and manufacturing across the U.S. have been some of the worst hit by layoffs......»»

Category: topSource: marketwatchMay 22nd, 2020

SURVIVING LAYOFFS: What you need to know before, during, and after cutbacks at your company to find a new job quickly

REUTERS/Susana Vera The US is seeing record levels of job loss. In April alone, Americans lost 20.5 million jobs, pushing the unemployment rate to 14.7%, the highest since the Great Depression, according to Labor Department data. If you've been lai.....»»

Category: topSource: businessinsiderMay 8th, 2020

Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus

The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus......»»

Category: topSource: marketwatchMay 8th, 2020

U.S. new home sales unexpectedly rise in April

Sales of new U.S. single-family homes unexpectedly rose in April, but the gains are likely temporary as the coronavirus crisis ravages the economy, unleashing record unemployment......»»

Category: topSource: reutersMay 26th, 2020

Unemployment hits all-time high in Austin since records started

Texas' unemployment rate hit a record high of 12.8% in April, although the picture is slightly better in the state capital. The statewide figure, with seasonal adjustments, was the worst mark for a single month since record-keeping began in 1976, .....»»

Category: topSource: bizjournalsMay 22nd, 2020

Illinois unemployment rate hit 16.4% in April, a 44-year high, as coronavirus-related job losses multiplied

Illinois’ unemployment rate rose to 16.4% in April, up from 4.2% in March, due to the COVID-19 health crisis.....»»

Category: topSource: chicagotribuneMay 22nd, 2020

CityWatch: Poor, dense neighborhoods in New York’s outer boroughs have highest rate of COVID-19 deaths, ZIP Code data shows

Elmhurst, Queens, is one of the areas of the city hit hardest by the coronavirus......»»

Category: topSource: marketwatchMay 18th, 2020

April jobs report to show record unemployment from coronavirus

In the harshest downturn for American workers in U.S. history, employers cut in April and the unemployment rate more than tripled to 14.7%. Back in February, before the coronavirus<…; pandemic... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 10th, 2020

"Like nothing that has ever been seen before": Here"s what 4 economists said about Friday"s April jobs report

Reuters Friday's April nonfarm payroll report from the Labor Department was dismal — the US economy lost a record 20.5 million jobs, and the unemployment rate surged to 14.7%. "The size of the devast.....»»

Category: topSource: businessinsiderMay 9th, 2020

San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression

San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression With the worst jobs report in history under our belt, which saw a record 20.5 million jobs lost in April, an.....»»

Category: blogSource: zerohedgeMay 8th, 2020

Looking at coronavirus" impact on unemployment

On Friday morning, the unemployment report for April will be released, and it is expected to be its highest on record since the Great Depression. Carter Evans is in Los Angeles, where some business owners are concerned reopening is too little, too late......»»

Category: topSource: moneycentralMay 8th, 2020

Trump"s 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length......»»

Category: topSource: moneycentralMay 8th, 2020

Trump"s 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length......»»

Category: topSource: moneycentralMay 8th, 2020

Trump’s 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length......»»

Category: topSource: moneycentralMay 8th, 2020

Explainer: Why 14.7% unemployment rate doesn"t capture the true state of the coronavirus economy

The U.S. economy shed 20.5 million jobs in April, and the unemployment rate rose to 14.7%, a government report Friday showed......»»

Category: topSource: reutersMay 8th, 2020

Unemployment surged to 14.7% in April as the US lost a record 20.5 million jobs

Associated Press The US Bureau of Labor Statistics on Friday said the US unemployment rate spiked to 14.7% in April as the co.....»»

Category: topSource: businessinsiderMay 8th, 2020

The April 2020 jobs report was probably the worst on record

The April 2020 jobs report, which will be released by the Bureau of Labor Statistics this Friday, is expected to give a chilling account of the labor market, showing layoffs surged and unemployment rose to Great Depression levels last month......»»

Category: topSource: moneycentralMay 7th, 2020

Jobs data to show epic losses and soaring unemployment

April's unemployment rate may be the highest since the Great Depression.....»»

Category: topSource: foxnewsMay 7th, 2020

Chicago-area unemployment rate hit 4.8% in March as coronavirus took its toll. Experts say that number will jump in April.

The Chicago area unemployment rate rose to 4.8% in March, up from 4.2% during the same month last year, .....»»

Category: topSource: chicagotribuneApr 29th, 2020

Chicago area unemployment reached 4.8% in March as coronavirus took its toll. Experts say that number will jump in April.

The Chicago area unemployment rate rose to 4.8% in March, up from 4.2% during the same month last year, .....»»

Category: topSource: chicagotribuneApr 29th, 2020

CityWatch: Staten Island, New York City’s most suburban area, sees second-highest rate of COVID-19—but why?

There are two likely explanations both of which—paradoxically—might actually be a source of pride for the island......»»

Category: topSource: marketwatchApr 23rd, 2020