Unemployment/Jobs
Associated Press/Photo by Elaine Thompson (file)

Unemployment spike slows

by Rachel Lynn Aldrich
Posted 5/28/20, 11:48 am

Boeing will cut 12,000 U.S. jobs in the coming weeks, executives announced on Wednesday. Most of the layoffs are in the Seattle area, where the company produces commercial airliners. The cuts highlight the effects coronavirus-related shutdowns have on the economy, including air travel decreasing by 96 percent as of mid-April. Roughly 2.1 million additional workers applied for unemployment benefits last week, according to a U.S.

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Associated Press/Photo by Nati Harnik (file)

Unemployment claims keep flowing in

by Rachel Lynn Aldrich
Posted 5/21/20, 10:18 am

State governments received 2.4 million new applications for unemployment benefits last week, the U.S. Labor Department reported on Thursday. On top of those claims, an additional 2.2 million people applied for aid through a new federal program that extends unemployment benefits to self-employed, contract, and gig workers.

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Associated Press/Photo by Paul Sancya (file)

Unemployment rate skyrockets

by Rachel Lynn Aldrich
Posted 5/08/20, 11:45 am

The U.S. unemployment rate hit 14.7 percent in April, the highest it has been since the Great Depression. Last month saw 20.5 million jobs lost, the worst on record, according to a Bureau of Labor Statistics report released on Friday. The unemployment rate does not count people who lost their jobs in April but didn’t look for new work, the report noted.

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