Latest Labor economy News

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing about the government’s emergency aid to the economy in response to the coronavirus on Capitol Hill in Washington on Tuesday, Sept. 22, 2020. (Caroline Brehman/Pool via AP)

Powell and Mnuchin voice optimism but back more economic aid

Sep. 22, 2020 1:13 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed. Powell told the House...

FILE - In this March 26, 2020 file photo a man takes a photo of a sign advising that the Employment Development Department is closed due to coronavirus concerns, in San Francisco. A review of California's unemployment agency has found its productivity level declined despite hiring hundreds of new workers. The Employment Development Department has been overwhelmed by millions of claims for unemployment benefits during the coronavirus pandemic. (AP Photo/Jeff Chiu, File)

Report: California unemployment agency does less with more

Sep. 21, 2020 8:01 PM EDT

SACRAMENTO, Calif. (AP) — The California unemployment agency’s two call centers to field questions about jobless benefits had two major problems as millions of people sought help due to the pandemic: One had nobody on site to answer calls and the other had hundreds of untrained new hires who...

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Soaring wealth during pandemic highlights rising inequality

Sep. 21, 2020 2:56 PM EDT

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The...

Maryland's unemployment website update creates frustration

Sep. 21, 2020 1:03 PM EDT

BALTIMORE (AP) — A new version of Maryland’s unemployment insurance portal created frustration among claimants who said they were unable to file their claims upon its launch before the issue was later resolved. The technical glitches came as BEACON 2.0, an update of the BEACON portal that...

Editorial Roundup:

Sep. 21, 2020 10:00 AM EDT

Des Moines Register. September 17, 2020 Help Stephens Auditorium, as well as other arts venues, get through the pandemic Dr. Anthony Fauci, the country’s leading infectious disease expert, recently predicted it will be at least a year before people feel comfortable returning to theaters without masks. That...

The crescent moon sets behind the Commerzbank building in Frankfurt, Germany, late Saturday, Sept. 19, 2020. (AP Photo/Michael Probst)

Public sector strikes to hit Germany next week over wages

Sep. 20, 2020 9:44 AM EDT

BERLIN (AP) — Public sector workers in Germany will start staging short-term warning strikes after the latest round of wage negotiations failed to produce an agreement, their union said Sunday. The Ver.di union, which represents around 2.3 million federal and local employees, said strikes will start...

South Korean K-pop group BTS members salute to their national flag during a ceremony marking the National Youth Day at the presidential Blue House in Seoul, South Korea, Saturday, Sept. 19, 2020. (Lee Jin-wook/Yonhap via AP)

The Latest: South Korea's daily virus total drops slightly

Sep. 19, 2020 10:30 PM EDT

South Korea __ South Korea’s new coronavirus tally has fallen below 100 for the first time in more than a month, as the country’s recent viral resurgence is gradually easing. The Korea Disease Control and Prevention Agency said Sunday that the newly counted 82 cases took the country’s total...

Alaska unemployment numbers improve, still historically high

Sep. 19, 2020 3:16 PM EDT

ANCHORAGE, Alaska (AP) — Alaska's unemployment numbers improved in August but still remains historically high amid the coronavirus pandemic, the state's labor agency reported. In August, the state reported 37,000 fewer jobs than in the same month in 2019 for a 10.5% drop, said the Alaska Department of...

Indiana plans to borrow $300 million for jobless benefits

Sep. 19, 2020 10:14 AM EDT

INDIANAPOLIS (AP) — A flood of unemployment claims related to the coronavirus pandemic has caused Indiana officials to seek as much as $300 million in loans from the federal government. The borrowing is needed because the state’s unemployment fund had about $40 million at the end of August, down...

Indian passengers queue up to test for COVID-19 at a facility erected at a railway station to screen people coming from outside the city, in Ahmedabad, India, Friday, Sept. 18, 2020. India's coronavirus cases jumped by another 96,424 in the past 24 hours, showing little sign of leveling. India is expected to have the highest number of confirmed cases within weeks, surpassing the United States, where more than 6.67 million people have been infected. (AP Photo/Ajit Solanki)

The Latest: U of Colorado shifting students for virus cases

Sep. 18, 2020 7:04 PM EDT

DENVER — The University of Colorado has forced some students to move out of their dorms to create more isolation housing for students with coronavirus infections as case numbers continue to increase at the Boulder campus. The Denver Post reported that the university said in an email to affected students...