Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs
Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
employment
Millions Are Out Of A Job. Yet Some Employers Wonder: Why Can't I Find Workers?
Some businesses are struggling to find workers even as millions are unemployed, as the pandemic has made this a recession like no other.
Job Gains Slowed Again In August As Employers Added 1.4 Million Jobs
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.
Hiring Surged In June With 4.8 Million Jobs Added Before New Spike In Infections
The unemployment rate fell to 11.1%. But there are indications that the job growth has slowed recently amid a surge of new coronavirus infections.
With China's Economy Battered By Pandemic, Millions Return To The Land For Work
Measures to mitigate the coronavirus pandemic have devastated China's economy, shutting factories and urban jobs that millions of migrant workers depend upon. Many now seek jobs in their villages.
Why A Historic Wave Of Latino Prosperity Is Under Threat Now
A few months ago, things were looking up for Latinos: wages were rising and unemployment was at a record low. Now, Latinos are the worst hit among all races: a record high unemployment rate of 18.9%.
Women Bear The Brunt Of Coronavirus Job Losses
Before the coronavirus crisis, there were briefly more women on American payrolls than men. That's no longer true. Women accounted for 55% of the increase in job losses last month.
One For The History Books: 14.7% Unemployment, 20.5 Million Jobs Wiped Away
U.S. employers shed a record number of jobs in April, as the unemployment rate climbed to the highest since the Great Depression. The coronavirus crisis has locked down much of the economy.
Friday's Jobs Numbers Will Be Brutal But Won't Tell The Whole Story
The Labor Department is expected to report the U.S. lost millions of jobs last month due to the coronavirus. Unemployment likely jumped to its highest level since the Great Depression.
20.2 Million Private-Sector Jobs Are Gone
The record job losses are a preview of the Labor Department's employment report for April coming Friday. ADP's new numbers are not surprising, given the more than 30 million jobless claims filed.