Buck Bully
Job Market News
New York (CNN Business) Another 1.1 million Americans filed initial claims for unemployment benefits on a seasonally adjusted basis last week, dashing economists’ hopes for a second-straight week with fewer than 1 million claims. Economists were optimistic that the US jobs market would be on a steady trajectory toward recovery. […]
[New York Post, AP] President Trump heaped praise Saturday on the four states that have jumped on his plan to extend extra unemployment benefits to those made jobless by the coronavirus pandemic. “Great work by the Governors of AZ, IA, LA, and NM who responded to my Executive Action and […]
[The New York Times, AP] Here’s what you need to know: 963,000 filed new state unemployment claims last week, but layoffs remained high. State unemployment offices are still struggling, so the jobless struggle, too. In an industry dependent on gathering crowds, no sign of a return to work. Air travel […]
[Forbes, Getty Images] An MIT and Intel research team has developed an algorithm capable of creating algorithms. And before we start fantasizing aboutSkynet and other apocalyptic dystopias, all this really means is the ability for a machine to automate programming so that in turn a programmer can automate a wide range of […]
[NBC NEWS] A new study finds more unemployed Californians are starting to lose hope they’ll ever get their old jobs back. Some of those in the latest filings for unemployment have been laid off twice after so many months of COVID closures and researchers say pessimism is setting in. “I’m […]
[ABC NEWS] The Illinois Department of Employment Security (IDES) is extending the state’s unemployment benefits. Typically unemployed residents seeking benefits are allowed to get unemployment benefits for up to 26 weeks. That was extended to an additional 13 weeks. Now, residents will get an additional seven weeks, for a total […]
[The Hill] A seasonally adjusted 1.2 million new people applied for unemployment benefits in the week ending Aug. 1, a marked drop from the 1.4 million in the previous two weeks. While this was the 20th week in a row that the Labor Department reported more than 1 million claims […]
[Global Trade, DepositPhotos] The ongoing COVID-19 pandemic has touched just about every part of the economy, and the jobs market as a whole has gone into alarming freefall, despite the government’s job retention measures. Where are the jobs going? The sectors which have struggled most are, by and large, the ones you […]
[CNBC, GETTY IMAGES] KEY POINTS One reason the stock market is holding up well is because investors believe many corporations are going to fire a lot of people and replace them with technology that will make the companies more efficient and improve profits. There’s a fancy accounting term for this. […]
[The Motley Fool] Talk about a dire situation. The COVID-19 outbreak has clearly done a number of the U.S. economy, plunging it deep into a recession and sending unemployment levels skyrocketing. In fact, jobless claims reached a record high in April, and while things improved slightly in May and June, new restrictions could send […]