Nonfarm payrolls increased by 4.8 million in June and the unemployment rate fell to 11.1% as the United States continued to reopen the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had expected an increase of 2.9 million and an unemployment rate of 12.4%. The report …
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Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II / Getty Images The financial aid that unemployed workers have been receiving to shore up household income during the coronavirus …
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The coronavirus pandemic is expected to have resulted in a 14% drop in global working hours in the second quarter of 2020, the International Labor Organization said. The United Nations labor agency said this updated drop in hours of work was the equivalent of 400 million full-time job losses worldwide …
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With the economy officially in recession, millions of Americans continue to receive unemployment benefits and some states pause their reopening plans amid spikes in the number of coronavirus cases, not surprising that some lawmakers are calling for a second round of controls on stimulus. While Democrats have primarily been pushing …
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