Latest Labor economy News

As businesses reopen, Tennessee unemployment still high

Jun. 4, 2020 1:06 PM EDT

MEMPHIS, Tenn. (AP) — Tennessee delivered unemployment payments to more than 314,000 people last week, as the number of new jobless claims continued to run much higher than normal during the response to the new coronavirus outbreak. Stay-at-home orders from Gov. Bill Lee and city and county officials in...

Vote set on $5B debt authorization stemming from COVID-19

Jun. 4, 2020 12:31 PM EDT

TRENTON, N.J (AP) — New Jersey's Democrat-led Assembly is set to vote Thursday on a measure to authorize $5 billion in borrowing sought by Democratic Gov. Phil Murphy. The measure gives the administration approval to borrow the money to plug a budget hole blown open by the state's response to the...

In this Wednesday, June 3, 2020 photo, a manager at the Presidente Supermarket uses a forklift to move a shipment of food at the store in the Little Havana neighborhood of Miami.  U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace. The Labor Department reported Thursday that the first quarter decline in productivity was smaller than the initial estimate a month ago of a 2.5% drop. Labor costs rose at a 5.1% rate, slightly faster than the 4.8% increase first reported.(AP Photo/Wilfredo Lee)

US productivity falls at 0.9% rate in first quarter

Jun. 4, 2020 12:30 PM EDT

WASHINGTON (AP) — U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace. The Labor Department reported Thursday that the first-quarter decline in productivity was smaller than the initial...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Wall Street's rally takes a pause; indexes close to flat

Jun. 4, 2020 12:23 PM EDT

Stocks are flipping between small gains and losses in midday trading on Wall Street Thursday, as Wall Street's remarkable rally takes a pause. The S&P 500 was down 0.2%, as of noon Eastern time, after earlier being on track for its first five-day winning streak since December. The index is about 8% below its...

Signs recommending people wear face coverings to help stop the spread of coronavirus are displayed in Waterloo station, London, Thursday, June 4, 2020. Waterloo station, which is wide recognised as the busiest train station in Britain, is still much quieter than normal as most commuters are working from home and not commuting into central London offices. (AP Photo/Matt Dunham)

Soccer club Tottenham among firms to tap virus loan scheme

Jun. 4, 2020 12:13 PM EDT

LONDON (AP) — British Airways, Marks & Spencer and even Premier League soccer club Tottenham Hotspur are among 53 big companies to take advantage of a special coronavirus loan scheme from the Bank of England to tide them over during the pandemic. The central bank revealed Thursday for the first time...

This image provided by West Virginia governors office, Gov. Jim Justice holds a news conference regarding the COVID-19 epidemic, Friday, May 29, 2020 in Charleston, W.Va.   (West Virginia governors office via AP)

About 4.5K file for jobless aid as reopenings continue

Jun. 4, 2020 11:47 AM EDT

CHARLESTON, W.Va. (AP) — About 4,500 West Virginians filed for unemployment aid last week despite the gradual reopening of businesses in the state, according to federal statistics released Thursday. The filings are slightly down from the previous week though they remain historically high. State officials...

New unemployment claims slowing in Utah as state reopens

Jun. 4, 2020 11:37 AM EDT

SALT LAKE CITY (AP) — The number of people requesting unemployment assistance in Utah last week dropped below 5,000 for the first time since the coronavirus pandemic took hold in the United States but remained at a rate far higher than normal, show new figures released Thursday. Utah officials said 4,996...

In this May 27, 2020, photo, health care workers talk outside a Lowndes County coronavirus testing site in Hayneville, Ala. Experts say Lowndes County and nearby poor, mostly black counties in rural Alabama are now facing a “perfect storm” as infections tick up: a lack of access to medical care combined with poverty and the attendant health problems that can worsen the outcomes for those who become sick. (AP Photo/Jay Reeves)

Jobless claims decline in Alabama as economy reopens

Jun. 4, 2020 10:46 AM EDT

MONTGOMERY, Ala. (AP) — New unemployment claims declined by nearly 25% in Alabama over a week as state businesses continued reopening during the pandemic, statistics showed Thursday. More than 550,000 people in all have filed for jobless benefits since state-ordered shutdowns began in March to slow the...

An Ethiopian domestic worker cries as she waits with dozens of others outside the Ethiopian consulate, some inquiring about flights home, others stranded after they were abandoned by employers who claimed they could no longer afford to pay their salaries, in Hazmieh, east of Beirut, Lebanon, Thursday, June 4, 2020. Some 180,000 domestic workers in Lebanon, most of them female from Ethiopia, are growing more desperate as a crippling economic and financial crisis sets in, coupled with coronavirus restrictions. (AP Photo/Hassan Ammar)

Ethiopian domestic workers stranded in crisis-hit Lebanon

Jun. 4, 2020 10:39 AM EDT

BEIRUT (AP) — Dozens of domestic workers gathered outside the Ethiopian Consulate in Beirut on Thursday, some inquiring about flights home, others stranded after they were abandoned by employers who claimed they could no longer afford to pay their salaries. About 180,000 domestic workers in Lebanon, most...

In this Wednesday, June 3, 2020 photo, Juan Santos stocks shelves at the Presidente Supermarket in the Little Havana neighborhood of Miami.  The U.S. government is set to issue its latest report on the layoffs that have left millions unemployed but have steadily slowed as many businesses have begun to reopen and to rehire some laid-off workers.  (AP Photo/Wilfredo Lee)

1.9 million seek jobless aid even as reopenings slow layoffs

Jun. 4, 2020 10:32 AM EDT

WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs. The total number of people who are receiving jobless aid rose slightly to 21.5...