Number of Americans seeking unemployment aid is rising
Some 857,000 Americans sought unemployment aid last week, a sign the labor market is losing momentum.
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Some 857,000 Americans sought unemployment aid last week, a sign the labor market is losing momentum.
Erica Pandey, a business reporter for Axios, joins Elaine Quijano on CBSN's "Red & Blue" with a look at the latest unemployment numbers and how the job market might rebound after the pandemic.
New data from the Labor Department shows more than 1.6 million people applied for new unemployment benefits this past week. Mark Hamrick, Washington bureau chief and senior economic analyst for Bankrate, spoke to CBSN's Tanya Rivero about the impact the pandemic is having on people's livelihoods.
Thousands of Americans continue to file for unemployment amid the pandemic and layoffs have forced more than 2.5 million young adults to move back home. Mark Strassmann takes a look.
As the coronavirus swept across America, people who could work from home were able to spend money on high-end items and even second homes. Meanwhile, those who lost jobs are struggling to afford food. Wall Street Journal reporter Ben Eisen joins CBSN to talk about his newest article on the inequality of the coronavirus economy.
Infectious disease experts warned a cold weather surge in new coronavirus cases — the long-feared "second wave" — may be just weeks away. This comes as the U.S. death toll closes in on 190,000 in the last six months. Tom Hanson has the latest.
Allianz's chief economic adviser Mohamed El-Erian says the latest jobs report shows a "long road ahead" to full economic recovery amid the COVID-19 pandemic.
CBS News' Mark Strassmann reports from Atlanta on the ongoing impacts of the coronavirus pandemic.
Permanent job losses rose and hiring slowed in August, according to the latest Bureau of Labor Statistics report, but the unemployment rate is back in single digits for the first time since March. CBS News correspondent Mark Strassmann reports on the divide between Wall Street and Main Street, and Mark Hamrick, Washington bureau chief and senior economic analyst for Bankrate, joined CBSN to discuss what to take away from the latest numbers.
Working in industries hit hard by the coronavirus — along with racism — are to blame, experts say.
Although the U.S. job market is gradually rebounding, the road to recovery is likely to take years.
The U.S. added 1.4 million jobs in August, according to the Labor Department. The unemployment rate also fell to 8.4%, dipping into single digits for the first time since March. Optimal Capital's Frances Stacy joined CBSN to break down the numbers.
U.S. employers added 1.4 million jobs in August, although the pace of hiring has slowed this summer.
While Wall Street is booming, Main Street is seeing millions of Americans file for unemployment. Experts say it has created big winners and big losers. Mark Strassmann reports.
New jobless claims fell to 881,000 last week, perhaps signaling the U.S. economy is heading in the right direction. Yahoo Finance's Rick Newman joins CBSN for a closer look at what this means for the overall economy.
Nearly 1.6 million applied for assistance in the last week of August, with half seeking self-employed aid.
New research from the Center for Retirement Research at Boston College suggests the COVID-19 pandemic is putting people's retirement plans at risk as 55% of people may not be able to maintain their standard of living when the reach retirement age. Yahoo Finance's Akiko Fujika joins CBSN's Lana Zak with a look at the numbers.
The economic fallout from the coronavirus pandemic could cost hundreds of New York City EMS workers and paramedics their jobs, but they say it could cost lives if there's another COVID-19 flare-up. Nikki Battiste has details.
Optimal Capital director Frances Stacy joined CBSN to break down the latest unemployment report and give insight into how Hurricane Laura may impact oil prices across the U.S.
President Trump signed the order almost three weeks ago to provide "immediate" relief to jobless workers.
Storm damage could sap a quarter of the emergency fund President Trump tapped to pay unemployment benefits.
The number of Americans seeking aid dipped slightly from the prior week but remained at historically high levels.
Consumer confidence in the U.S. fell in August to the lowest it's been in six years amid the coronavirus pandemic. Axios market editor Dion Rabouin joined "Red and Blue" to discuss the impact this could have on the nation's economic growth in the near future.
COVID has cost many their jobs and access to medical care in the midst of a public health catastrophe, study finds.
Thirty states have received approval from FEMA for the extra benefits aimed at helping jobless workers.