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July 9, 2020
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Reuters - Business

U.S. weekly jobless claims remain high as second wave of layoffs hits industries

Reuters
Hundreds of people line up outside the Kentucky Career Center, over two hours prior to its opening, to find assistance with their unemployment claims, in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is keeping......
Reuters - Business

U.S. layoffs abating, labor market distress persists

Reuters
WASHINGTON (Reuters) – The number of Americans seeking jobless benefits fell last week, but millions laid off because of COVID-19 continue to receive unemployment checks, suggesting the labor market could take years to heal from the pandemic even as hiring resumes. FILE PHOTO: People who lost their jobs wait in......
Reuters - Business

U.S. weekly jobless claims seen declining further, but millions still unemployed

Reuters
WASHINGTON (Reuters) – Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers. FILE PHOTO: Construction workers assemble a scaffold at......
Reuters - Business

Fed sees growth contracting by 6.5% on year, pledges bondbuying at least ‘at current pace’

Reuters
Federal Reserve Board Chairman Jerome Powell presents the Monetary Policy Report to Senate Banking Committee during a hearing on The Semiannual Monetary Policy Report to the Congress on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday repeated its......
Reuters - Business

U.S. layoffs abate; job openings plunge

Reuters
FILE PHOTO: People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford WASHINGTON (Reuters) – Layoffs in the United States fell in April, but remained......
Reuters - Business

Explainer: May’s jobs report stunner: real deal or head fake?

Reuters
WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected. FILE PHOTO: People who lost their jobs wait in line to file for unemployment following an outbreak......
Reuters - Business

Surprise U.S. unemployment rate drop leaves out blacks, Asians

Reuters
(Reuters) – The U.S. unemployment rate dropped unexpectedly in May, but not all workers benefited equally as joblessness among African Americans and Asians rose, signaling some minorities face a longer recovery as the economy slowly rebounds from the coronavirus shutdowns. FILE PHOTO: People who lost their jobs wait in line......
Reuters - Business

Equities surge, bonds tumble on surprise U.S. jobs gains

Reuters
NEW YORK (Reuters) – An unexpected jump in U.S. employment sent world equities and oil surging on hopes that the global economy has started to recover from the coronavirus pandemic, pulling investors out of perceived safe havens like government bonds and gold. U.S. nonfarm payrolls rose by 2.509 million jobs......
Reuters - Business

U.S. labor market unexpectedly improves; recovery years away

Reuters
WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long. The Labor Department’s closely watched employment report......
Reuters - Business

Trump touts job gains as ‘greatest comeback in American history’

Reuters
WASHINGTON (Reuters) – President Donald Trump on Friday celebrated a stunning U.S. employment report that showed more than 2.5 million jobs were added last month during the thick of the coronavirus pandemic, and predicted the battered economy will recover all of its lost jobs by next year. U.S. President Donald......
Reuters - Business

U.S. unemployment rate unexpectedly falls in May

Reuters
FILE PHOTO – A man speaks with a library worker after receiving an unemployment form, as the outbreak of coronavirus disease (COVID-19) continues, in Miami Beach, Florida, U.S., April 8, 2020. REUTERS/Marco Bello WASHINGTON (Reuters) – The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department......
Reuters - Business

U.S. unemployment rate seen near 20% as COVID slams jobs market again in May

Reuters
WASHINGTON (Reuters) – The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis. FILE PHOTO – A man speaks with a library worker after receiving an......
Reuters - Business

Explainer: No one really knows how many Americans need unemployment benefits

Reuters
(Reuters) – Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which millions of Americans have filed claims for jobless benefits. FILE PHOTO: People who lost their jobs wait in......
Reuters - Business

U.S. new weekly jobless claims drop below 2 million

Reuters
FILE PHOTO: People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fayetteville, Arkansas, U.S. April 6, 2020. REUTERS/Nick Oxford/File Photo WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits dropped below......
Reuters - Business

U.S. new weekly jobless claims seen falling below 2 million

Reuters
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19. FILE PHOTO: People who lost their jobs wait in......
Reuters - Business

New wave of U.S. layoffs feared as coronavirus pain deepens

Reuters
WASHINGTON (Reuters) – Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits....
Reuters - Business

Boeing cutting more than 12,000 U.S. jobs, thousands more planned

Reuters
WASHINGTON (Reuters) – Boeing Co (BA.N) said Wednesday it was eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic. FILE PHOTO: A Boeing logo is seen at the company’s facility in Everett, Washington,......
Reuters - Business

U.S. economic activity fell sharply due to coronavirus disruptions, Fed says

Reuters
FILE PHOTO: A pedestrian walks on an empty street amid the coronavirus disease (COVID-19) outbreak, in Boston, Massachusetts, U.S., May 12, 2020. REUTERS/Brian Snyder/File Photo (Reuters) – Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting......

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