Economy

“U.S. Economy Will Be in Trouble If Boomers Don’t Come Back to Work”

“Older workers have been one of the reasons job growth has remained so robust during the past few years. From the end of 2016 through February, employment among people between the ages of 25 and 54 increased by 3 million. For workers… Continue Reading…

Economy

“3.3 million seek US jobless aid, nearly 5 times earlier high”

“Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus… Layoffs are sure to accelerate as the U.S. economy sinks into a… Continue Reading…

Economy

“23 million American jobs in immediate danger from the coronavirus crisis”

“Some 23 million jobs may be in immediate danger from the massive disruptions to the U.S. economy from the coronavirus epidemic. Americans who work in retail, airlines, travel agencies, restaurants, hotels and entertainment are the most vulnerable, according to a new… Continue Reading…

Banking, Economy

“COVID-19’s “American Bankruptcy Rate” Will Dwarfs Its Mortality Rate”

“If you’re worried about getting infected with the coronavirus, then good. It shows that your survival instincts just might keep you from catching the virus itself, or infecting others. The good news is that the mortality rate is somewhat low.… Continue Reading…

Economy

“U.S. Jobless Claims Jump to Two-Year High Amid Closures”

“Jobless claims rose by 70,000 to 281,000 in the week ended March 14, according to Labor Department figures released Thursday. That’s the biggest one-week increase since the aftermath of Hurricane Sandy in 2012. The two western states with the biggest… Continue Reading…

Economy

“Layoffs Are Just Starting, and the Forecasts Are Bleak”

“Marriott International, the hotel operator, said Tuesday that it would begin furloughing tens of thousands of employees worldwide. Restaurants, coffee shops, gyms and other small businesses have begun laying off workers outright. On Monday, a flood of inquiries from newly… Continue Reading…

Economy

“Private payrolls up 183,000 as hiring shows no signs of coronavirus scare”

“U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated. Employment excluding government jobs rose by 183,000 for the month, according to a report Wednesday from… Continue Reading…

Economy

“January adds a much stronger-than-expected 225,000 jobs, with a boost from warm weather”

“The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013, according to data released Friday by the Labor Department…… Continue Reading…

Economy

“Private payrolls soar in January, the best monthly gain in nearly 5 years”

“The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from… Continue Reading…

Business

“U.S. Employees Are The Happiest”

“Workers in the U.S. are the happiest, according to a new poll by Mindspace… Happiness at work among Americans is seemingly congruent with job growth. In November, the unemployment rate dipped to 3.5 percent from 3.6 percent, CNBC reported on December 6…” https://www.statista.com/chart/20223/employees-happy-us-world/… Continue Reading…