Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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FILE PHOTO: Signage of The Boeing Company in Seattle, Washington, USA, June 29, 2020. REUTERS / Karen Ducey (Reuters) – Boeing Co (PROHIBITION) said on Monday that it would offer employees a voluntary severance package with pay and benefits for the second year this year as the planner battles a …
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Has the widespread unemployment benefits discouraged many workers from returning to work? A big drop in people seeking or receiving benefits in the past two weeks after the end of a $ 600 federal grant suggests that the answer may be yes. Early unemployment fell to 963,000 in early August, …
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California lawmakers questioned state labor officials Thursday amid mounting concerns about the government’s inability to pay unemployment claims that skyrocketed amid widespread trade closings, and learned that decades-old technologies underpin the payment system. During a state legislative hearing on Thursday, the Employment Development Department was portrayed as inept and insensitive …
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