Tag Archive for ‘COVID-19’

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 ›