Wednesday February 24, 2021
| Last update: Tuesday at 9:23 AM
BY Masao Suzuki | San Jose, CA | 10/24/20
On Thursday, October 22, the U.S. Department of Labor reported that there were 787,000 new claims for regular state unemployment in the week that ended October 17. This was 55,000 fewer than the previous week, but still 20,000 higher than two weeks ago and almost four times as high as the same week a year ago. While new claims have fallen dramatically from the record high of almost 6 million in April, they are still higher than the pre-recession high of less than 700,000.
Unemployment
BY Masao Suzuki | San José, CA | 10/16/20
On Thursday, October 15, the U.S. Department of Labor reported the biggest one week increase in new claims for unemployment insurance since late July.
BY staff | San José, CA | 10/05/20
On Friday, October 2, the U.S. Department of Labor reported that the official unemployment rate had dropped to 7.9% in September, from 8.4% in August. But of the almost one million people who left the official unemployment count, 70% stopped looking for work and did not find a job.
BY Masao Suzuki | San José, CA | 10/02/20
The latest report by the Department of Labor on unemployment insurance applications shows that the tide of layoffs continues. But this week, major U.S. corporations announced even more layoffs to come as the economy tilts on the edge of a ‘double-dip’ recession.
BY Masao Suzuki | San Jose, CA | 9/25/20
The latest weekly report on new applications for regular state unemployment insurance showed an unexpected increase in new claims.
Layoffs
BY Masao Suzuki | San José, CA | 9/18/20
The weekly report on Unemployment Insurance (UI) claims issued on Thursday, September 17 by the U.S. Department of Labor showed that the economy continues to struggle.
BY Masao Suzuki | San José, CA | 9/11/20
The latest report on unemployment insurance by the Department of Labor showed larger numbers across a number of measures. The number of new claims for regular state UI the week ending September 5 increased by 20,000 from the previous week. The same for the federal Pandemic Unemployment Assistance or PUA for self-employed and gig workers, which rose by more than 90,000, or 12%. Together total new claims rose to almost 1.7 million for the latest week.
BY Masao Suzuki | San José, CA | 9/06/20
The August jobs report released by the Department of Labor on Friday, September 4 showed that job growth continues to slow.
BY Masao Suzuki | San Jose, CA | 9/04/20
On Thursday, September 3 the U.S. stock market took its biggest fall since in three months.
stock market
BY Masao Suzuki | San Jose, CA | 8/30/20
On Thursday, August 27, the latest report on unemployment insurance shows that the U.S. economy remains stuck in the worst recession since the Great Depression of the 1930s.
recession
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