The Labor Department is now reporting that 3.3 million number has vastly doubled, and a staggering 6.6 million Americans have filed for unemployment benefits. The number blew away the estimated 3.1 million claims and show the economy is collapsing faster than initially predicted.
The surge in unemployment benefit claims is attributed to the spreading coronavirus epidemic and rising concerns of citizens contracting COVID-19.
Last Friday (May 3), The U.S. Department Of Labor released its jobs report for the month of April, revealing positive gains in employment. With 165,000 jobs added in the month, the unemployment rate dropped to its lowest rate in four years. However, African-American and Hispanic job seekers are still the hardest hit groups with a […]
The unemployment rate surprisingly dropped to 7.5 percent as employers added 165,000 new jobs in April. Marking a four-year low, the figures have seen a small but steady rise in the last several months, increasing confidence in the growing economy,
The U.S. Labor Department released the job report for the month of March and the figures are far from encouraging. The economy added only 88,000 new jobs over the month, while the unemployment rate dropped from 7.7 percent in February to 7.6 percent.
Chicago has been getting tons of press for its massive homicide rate, which climbed to 500 at the end of last week, but Detroit has honed in on a similarly dreadful landmark. Mayor Dave Bing released the city’s homicide stats for 2012 and out of 461 death investigations, 411 were homicides.
The unemployment rate dropped to 7.7 percent, the lowest number since President Bush was in office in 2008. According to the report released by the Labor Department, Friday (Dec. 7), roughly 146,000 jobs were created in the month of November, in spite of Hurricane Sandy whose destruction halted economic activity.
Black Friday is over which means that the holiday shopping season has officially kicked off. Several holiday jobs are up for grabs as retailers scramble to fill seasonal positions.
The final job report before Election Day was released Friday (Nov. 2), and it’s much of the same. 171,000 new jobs were added for the month of October, a number which is not terrible, but shows only a small ripple in growth pool.
The job report for the month of August was released Friday (Sept. 7), and the numbers are not looking good. A dismal 96,000 jobs were created, falling short of the expecting 125,000, predicted by economists. The unemployment rate dropped to 8.1 percent from 8.3. in the previous month, but the figures were likely due to […]
“Georgia’s unemployment crisis is deepening,” Labor Commissioner Michael Thurmond said in a statement released early Wednesday. With a financial crisis that is showing no signs of diminishing, some states are still feeling the blunt trauma as the job market has ceased to open up nationally. Last reported back in January, the unemployment rate in Georgia […]