Tag Archive for ‘COVID-19’

U.S. Weekly Jobless Claims Hit 4.4 Million

The U.S. Department of Labor released the Unemployment Insurance Weekly Claims Report for the week ending April 18th. With the impact of the COVID-19 pandemic, the number of initial claims for unemployment insurance continued to rise, bringing the total jobless claims to more than 26 million over the past five weeks. In the week ending April 18th, the number of… Read More ›

Additional 5.2 Million Jobless Claims

The U.S. Department of Labor released the Unemployment Insurance Weekly Claims Report for the week ending April 11st. With the impact of the COVID-19 pandemic, over 22 million Americans filed for unemployment insurance over the past four weeks. In the week ending April 11st, 5,245,000 Americans filed first-time claims for unemployment insurance, known as jobless claims, on a seasonally adjusted… Read More ›

Consumer Prices Drop Sharply in March

In March, the “core” CPI dropped for the first time in more than ten years, impacted by the COVID-19 pandemic. The Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), declined by 0.4% in March on a seasonally adjusted basis, following an increase of 0.1% in February. It is the largest monthly decline in the CPI since… Read More ›

Jobless Claims Hit 6.6 Million Last Week

The U.S. Department of Labor released Unemployment Insurance Weekly Claims Report for the week ending April 4th. In the past three weeks, about 16.8 million Americans filed for unemployment insurance due to the impact of the COVID-19 crisis. In the week ending April 4th, the number of people who applied for unemployment benefits, known as jobless claims, reached to a… Read More ›

Significant Loss Began to be Reported in March Jobs Report

Total payroll employment fell by 701,000 in March and the unemployment rate rose to 4.4%. The March loss reflected the impact of the COVID-19 outbreak. Residential construction employment decreased by 4,300 in March, after a revised increase of 24,100 in February. Total construction industry (both residential and nonresidential) employment totaled about 7.6 million in March. The Bureau of Labor Statistics… Read More ›

Jobless Claims Soar Amid the COVID-19 Outbreak

The U.S. Department of Labor released Unemployment Insurance Weekly Claims Report this morning. Surprising but expected, the weekly initial claims on unemployment insurance surged in the week ending March 21 due to the impact of the COVID-19 crisis. In the week ending March 21, the number of people who applied for unemployment benefits, known as jobless claims, soared to a… Read More ›