Jobs Tag

Unemployment Rate Dropped to 8.4% in August, Economy Adds 1.4 Million Jobs

Posted by Mary Chastain on September 04, 2020 16 Comments

The Labor Department reported the economy added 1.4 million jobs in August and the unemployment rate dropped to 8.4%. This is a huge drop from July, which saw a 10.2% unemployment rate.

https://www.youtube.com/watch?v=Dy9Qg_a2i-Q&t=79s

Over 1.4 Million Filed Unemployment Claims, GDP Dropped 9.5% in Second Quarter

Posted by Mary Chastain on July 30, 2020 5 Comments

About 1.434 million Americans filed unemployment claims last week as states issue another shutdown due to spikes in coronavirus cases. The GDP also crashed to a 32.9% annualized rate, which is the biggest drop on record. Overall, the GDP dropped 9.5% between the first and second quarters. But we have to remember the GDP report contains numbers between March and June. It doesn't tell us what is happening now or tomorrow.

https://www.youtube.com/watch?v=t3GuOc6FSCo

Unemployment Claims Up Slightly, But Continuing Claims Dropped by 1.107 Million

Posted by Mary Chastain on July 23, 2020 6 Comments

The unemployment claims last week went up slightly to 1.416 million. However, continuing claims decreased. That means the unemployment went down a little bit to 11.1%. You need to remember that these numbers lag behind a week.

Unemployment Claims Come in at 1.3 Million, Continuing Claims Down by 737,750

Posted by Mary Chastain on July 16, 2020 19 Comments

Unemployment claims continue to tumble! The Labor Department's report states that 1.3 million Americans filed unemployment claims last week, which is down by 10,000 from the previous week. Continuing claims fell by 737,750 to 17.338 million.

Unemployment Claims Decrease Again: 1.3 Million Filed Last Week, Continuing Claims Drop by 698,000

Posted by Mary Chastain on July 09, 2020 5 Comments

The Labor Department's unemployment report shows the unemployment filing numbers continue to decrease as the economy starts to pick up after the coronavirus shutdown. 1.3 million Americans filed last week, which is down by 99,000 from the previous week. The continuing claims fall to 18.06 million, which is a drop of 698,000.

https://www.youtube.com/watch?v=Zhg28SogG28

June Jobs Report Blows Away Estimates: Added 4.8 Million Jobs, Jobless Rate Falls to 11.1%

Posted by Mary Chastain on July 02, 2020 17 Comments

The U.S. economy is picking up after the coronavirus pandemic! The June jobs report revealed the economy added 4.8 million jobs while the jobless rate fell to 11.1%

Unemployment Claims Drop Slightly: 1.48 Million Applied Last Week

Posted by Mary Chastain on June 25, 2020 6 Comments

Fox Business reported that 1.48 million Americans filed unemployment claims last week:

Another 1.48 million Americans filed for unemployment benefits last week, signaling a slow economic recovery from the coronavirus pandemic and related lockdown as layoffs remain historically high, even as many businesses have reopened.

Another 1.5 Million Americans Filed Unemployment Claims

Posted by Mary Chastain on June 18, 2020 5 Comments

The Labor Department reported that another 1.5 million Americans filed unemployment claims last week. The same amount filed the week before.

https://www.youtube.com/watch?v=5Qma8LHQlrA

Retail Sales Hit Record 17.7% in May in Another Sign the Economy is Recovering

Posted by Mary Chastain on June 16, 2020 19 Comments

America saw a decline in unemployment claims and decent jobs report in May. The Commerce Department revealed another sign the economy is recovering from the Wuhan coronavirus pandemic. Retail sales hit a record of 17.7% in May.

Unemployment Claims Drop Again: 1.5 Million Americans Filed Last Week

Posted by Mary Chastain on June 11, 2020 3 Comments

The economy is slowly recovering after the Wuhan coronavirus pandemic since 1.5 Americans filed unemployment claims last week. The numbers have continuously gone down in 10 straight weeks.

Paul Krugman Pushes Conspiracy Theory About New Jobs Numbers

Posted by Mike LaChance on June 06, 2020 52 Comments

New York Times columnist and Nobel award winning economist Paul Krugman is a well-known sufferer of Trump Derangement Syndrome. When it was revealed on Friday that the jobs numbers were much better than the doomsday media predicted, Krugman floated a conspiracy theory as an explanation.

https://www.youtube.com/watch?v=STKX88eOwNg

Jobs are Returning: Unemployment at 13.3%, Payrolls Rose by 2.5 Million

Posted by Mary Chastain on June 05, 2020 31 Comments

That sound you hear is all the jaws dropping to the floor! The May jobs report came out much better than expected. Unemployment hit 13.3% while payrolls went up by 2.5 million. April's unemployment rate was 14.7%.

Unemployment Claims Continue to Go Down as 1.9 Million Filed Last Week

Posted by Mary Chastain on June 04, 2020 10 Comments

About 1.9 million people filed for unemployment benefits last week, which is another sign the economy is picking up as businesses reopen.

Another 2.1 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 28, 2020 5 Comments

The number has gone down, but another 2.1 million Americans filed unemployment claims last week. Over 40 million people have filed claims in the last ten weeks.

Another 2.4 Million People Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 21, 2020 7 Comments

The Wuhan coronavirus pandemic continues its devastation on the American economy as 2.4 Americans filed unemployment claims last week. Fortunately, the number continues to decline after it hit its peak a few weeks ago. The Labor Department revised last week's number down by 294,000 due to a clerical error from Connecticut.

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