The U.S. economy is likely to have slowed in the last three months of the year, ending 2020 smaller than it began. But for some companies, business is now back to pre-pandemic levels.
U.S. employers added just 245,000 jobs last month as the runaway pandemic continued to weigh on hiring. The unemployment rate fell to 6.7% from 6.9% in October.
The Labor Department is expected to report Friday a sharp slowdown in job growth in November as a surge in coronavirus cases weighs on many businesses.
LAS VEGAS (AP) — The largest school district in Nevada says about 1,500 employees could lose their jobs if students do not return to in-person instruction this school year.
U.S. employers added 638,000 jobs last month as the unemployment rate dipped to 6.9%. A winter spike in coronavirus infections threatens to further weaken job growth.
A new database from U.N. Women and UNDP looks at how 206 countries and territories are responding to women's needs during the pandemic. And the results are mixed.
The Labor Department says U.S. employers added just 661,000 jobs last month, as unemployment fell to 7.9%, showcasing an economic recovery that is losing steam.
Owensboro, Ky., has enjoyed the closest thing to a V-shaped recovery of any city in the country. Its jobless rate soared in April but by June was back to pre-pandemic levels.
Fewer jobs were added to the economy last month even as the unemployment rate fell to 8.4%. Job growth has slowed since June in a sign of what could be a long and painful recovery from the recession.
Another 881,000 people applied for state unemployment benefits last week, the Labor Department says. That's down from the previous week, but the report comes with an asterisk.
Job postings for entry-level positions popular with new college grads fell by 73%, compared with before COVID-19 hit. And for the class of 2020 who have landed jobs it's often been a strange journey.
Millions of Americans who lost jobs during the pandemic are in danger of having their incomes cut for a second time. The sudden halt in payments would be felt in households and throughout the economy.
Another 1.5 million people file for unemployment benefits for the first time, but the number who are continuing to seek the payments continues to decline as workers return to their jobs.
Lainy Morse, a preschool teacher, dreads going back to a classroom filled with kids who don't understand hand-washing or social distancing. And she'd make less than she does on unemployment.
The pain in the job market continues as an additional 1.5 million sought unemployment benefits last week. In the past 12 weeks, more than 44 million new claims have been filed.
U.S. employers unexpectedly added jobs last month as the unemployment rate declined, signs that people are returning to work as states reopen their economies. President Trump celebrated the news.
The Labor Department says about 1.9 million people filed for unemployment last week, but there are some signs that people may be returning to their jobs.
Amazon has hired 175,000 temporary workers to deal with a spike in online shopping during the coronavirus pandemic. Now it's offering most of them permanent jobs.
