Latest Employment figures News

FILE - In this Nov. 23, 2020 file photo, stone sculptures adorn the New York Stock Exchange.  Stocks are pulling lower again on Friday, Jan. 15, 2021,  after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.   (AP Photo/Seth Wenig, File)

Stocks fall as economic pain deepens, rally runs out of gas

Jan. 15, 2021 4:27 PM EST

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. The S&P 500 fell 27.29, or 0.7%, to 3,768.25, with stocks of companies that...

The closed sign of a former restaurant is displayed at a shopping center Wednesday, Jan. 13, 2021, in Houston. The latest figures for jobless claims, issued Thursday, Jan. 14, by the Labor Department, remain at levels never seen until the virus struck. (Melissa Phillip/Houston Chronicle via AP)

VIRUS TODAY: Unemployment claims in US rise to 965,000

Jan. 14, 2021 3:19 PM EST

Here’s what’s happening Thursday with the coronavirus pandemic in the U.S.: THREE THINGS TO KNOW TODAY — The number of people seeking unemployment aid soared last week to 965,000, the most since late August, offering evidence that the resurgent virus has caused a spike in layoffs. The Labor...

Andrew Walcott, owners of Fusion East Caribbean & Soul Food restaurant, poses for a photo at the restaurant in East New York neighborhood of the Brooklyn borough of New York, Thursday, Jan. 7, 2021.  Walcott had to furlough four employees at his restaurant just before Christmas, after New York state stopped allowing indoor dining.   (AP Photo/Mary Altaffer)

US unemployment claims jump to 965,000 as virus takes toll

Jan. 14, 2021 11:26 AM EST

WASHINGTON (AP) — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs. The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the...

US jobless claims jump to 965,000 as layoffs remain high with economy in grip of virus

Jan. 14, 2021 8:32 AM EST
WASHINGTON (AP) — US jobless claims jump to 965,000 as layoffs remain high with economy in grip of virus.
FILE - In this Jan. 8, 2021, file photo President-elect Joe Biden's nominee for Secretary of Commerce, Rhode Island Gov. Gina Raimondo speaks during an event at The Queen theater in Wilmington, Del. (AP Photo/Susan Walsh, File)

Biden's Commerce nominee says she has 'blueprint' for US

Jan. 13, 2021 3:37 PM EST

President-elect Joe Biden’s nominee to lead the Commerce Department said Wednesday if confirmed she will take much of what she has learned improving her home state of Rhode Island’s economy and apply it at the federal level. “Right before COVID, Rhode Island had a record number of jobs and...

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Job openings down in most industries, while layoffs spike

Jan. 12, 2021 11:10 AM EST

WASHINGTON (AP) — Layoffs spiked in November compared with the previous month and the number of job openings slipped, signaling that the job market has stalled as the resurgent coronavirus has brought about another wave shutdowns of restaurants and bars and hobbled consumer spending. While the layoffs were...

Comedian Brad Pierce, right, looks over the notebook us uses to write jokes as he sits in the kitchen next to his wife, Carmen, and their nephew, Maddox, 1, in West Warwick, R.I., Friday, Jan. 8, 2021. Pierce was finally doing well with his comedy when the pandemic hit. Now he wonders if he can possibly build up his career again. He has a friend who drives for Amazon and fears having to get a job like that while talking about the good old days when he was an entertainer. (AP Photo/David Goldman)

Once again, job losses fall unequally across the US economy

Jan. 9, 2021 10:44 AM EST

WASHINGTON (AP) — Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring. In December, the nation shed jobs for the first time since April. Once...

How major stock indexes fared Friday

Jan. 8, 2021 5:17 PM EST

Major stock indexes closed at new highs on Wall Street Friday, leaving the market with solid gains for the first week of the year. Technology stocks and companies that rely on consumer spending helped lift the market, outweighing losses in financial, industrial and other sectors. Investors largely shrugged off...

FILE - This Nov. 23, 2020 file photo shows the New York Stock Exchange in New York.  U.S. stocks are ticking higher on Friday, Jan. 8, 2021, despite a sober reminder of how many jobs the pandemic is destroying, as Wall Street keeps focusing more on the economy’s potentially brighter future than its current pain. (AP Photo/Seth Wenig)

Stock market shakes off a slump to reach more record highs

Jan. 8, 2021 5:16 PM EST

Wall Street notched more milestones Friday as the market largely shrugged off another discouraging jobs report amid expectations that the incoming Biden administration will pump more aid into the pandemic-ravaged economy. The S&P 500 rose 0.5%, its second straight record high, after bouncing back from a...

FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington.  Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, Jan. 8, 2021 showed that the chief concern was whether the Fed would be acting prematurely in starting to raise rates given how low inflation was at the time. (AP Photo/Patrick Semansky, File)

Fed transcripts show doubts about need for 2015 rate hike

Jan. 8, 2021 12:31 PM EST

WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief concern was...