labor department
The Labor Department reported that the U.S. economy lost 92,000 jobs in February, and earlier job gains for December and January were revised downward. The NPR report says the figures increased concern that the job market is weakening after a period of instability. The story describes how the report affected expectations about economic direction and […]
U.S. employers added a burst of 467,000 jobs in January. The news comes despite a wave of omicron inflections that sickened millions of workers. The Labor Department’s report also showed the unemployment rate ticked up from 3.9% to 4%. Estimated job growth for December was also revised much higher, from 199,000 to 510,000. The strong hiring gain, […]
The financial impact of COVID-19 has now reached a historic level when it comes to unemployment. Just released numbers have 4.4 million people filing for unemployment insurance this past week. That brings a grand total for the last five weeks to 26.4 million according to the labor department. 16 million people are receiving unemployment right […]
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