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Tag Archives: jobless claims

Explainer: May’s jobs report stunner: real deal or head fake?

People who lost their jobs wait in line to file for unemployment

REUTERS, JUNE 6, 2020 WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected. More than 2.5 million people were newly employed last month, the Labor Department reported on Friday, but that follows a record drop of …

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The worst over? U.S. labor market unexpectedly improves in May

A man speaks with a library worker after receiving an unemployment form

REUTERS, JUNE 5, 2020 WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long. The Labor Department’s closely watched employment report on Friday also showed the jobless …

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Coronavirus unleashing a new wave of U.S. layoffs

a pedestrian walks by The Framing Gallery. Closed sign

REUTERS, MAY 28, 2020 US workers file 2.1 million more jobless claims as crisis total tops 40 million WASHINGTON – The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave …

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