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Department of Labor

15.8 Million People Receiving Unemployment Aid as Cutoffs Loom

AP News | Equities.com |

Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1%, thanks to a major expansion of the federal safety net that has provided aid to millions of people out of work.

Yet many businesses and Republican officials say all that jobless aid has contributed to worker shortages in some industries, which is why most GOP-led states are moving to cut off the federal support.


46 States Added Jobs in May, But High Unemployment Rates Persist

AP News | Equities.com |

WASHINGTON (AP) — Employers added jobs in 46 states last month, evidence that the U.S. economy’s surprise hiring gain in May was spread broadly across the country — in both states that began reopening their economies early and those that did so only later. Unemployment rates fell in 38 states, rose in three and were largely unchanged in nine, the Labor Department said Friday. The disparities ranged from Nevada, with the highest rate (25.3%), Hawaii (22.6%) and Michigan (21.2%) to Nebras...


Total Employment Fell in All 50 States and DC in April

Reuters | Equities.com |

(Reuters) - Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the United States, the Labor Department said on Friday. The department’s Bureau of Labor Statistics said 43 states set record-high rates of unemployment last month, with the highest being in Nevada, the state with the greatest reliance on the hard-hit food services and hospit...


Consumer Prices Show Steepest Fall Since 2008 Financial Crisis

AP News | Equities.com |

WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices.And excluding the normally volatile categories of food and energy, so-called core prices tumbled 0.4% last month, the Labor Department said Tuesday in its monthly report on consumer inflation. That was the sharpest such drop on records dating ...


Laid Off Americans Struggling To Get Unemployment Benefits: 'The Government Is Failing Us'

Reuters | Equities.com |

(Reuters) - For Claudia Alejandra, unemployment has become a full-time job. Since losing her position at the makeup counter at the Macy’s department store in Orlando, Florida, on March 28, Alejandra spends her days trying to secure the unemployment benefits that should have arrived weeks ago, sometimes placing more than 100 calls a day. The online application, a 10-hour ordeal of error messages, ended with a notice that her identity could not be verified. If sh...


Poll Finds Millions of Americans Locked Out of Unemployment Claims System

Reuters | Equities.com |

Millions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S. economy entered a free fall, according to a poll released on Tuesday.The left-leaning Economic Policy Institute found in an online poll that for every 10 people who have successfully filed unemployment claims, three or four people have been unable to register and another two people have not tried to app...


Jobless Claims Fell Last Week But Virus Expected To Manifest in Upcoming Layoffs

Reuters | Equities.com |

Other data on Thursday showed producer prices dropping by the most in five years in February.


U.S. Wholesale Prices Up 0.5% in January, Most Since Late 2018

AP News | Equities.com |

Producer price index jumped 0.5% in January after rising 0.2% in December.


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