Latest Employment figures News

The New York Stock Exchange is seen in New York, Monday, Nov. 23, 2020.   U.S. stocks are hovering close to their record levels Thursday, Dec. 3, as Wall Street takes a pause following its rocket ride higher on optimism about a coming COVID-19 vaccine.  (AP Photo/Seth Wenig)

US stocks tick higher, as Wall Street coasts following surge

Dec. 3, 2020 11:00 AM EST

NEW YORK (AP) — U.S. stocks are inching further into record heights Thursday, as Wall Street continues to coast following its rocket ride on hopes for coming COVID-19 vaccines. The S&P 500 was up 0.3% in morning trading, a day after inching up to set another all-time high. The Dow Jones Industrial...

FILE - In this June 26, 2020, file photo, volunteers Juanita MacKenzie, front, and Dave Stutman carry boxes of food to a waiting car at a large mobile pantry set up by the Food Bank of the Rockies in the parking lot of Empower Field at Mile High in west Denver. In an effort to keep Colorado residents fed and employed this winter, Colorado's Legislature is concluding a special session Wednesday, Dec. 2, 2020, by passing bills offering assistance to restaurants and food pantries struggling to keep their doors open during the coronavirus pandemic. (AP Photo/David Zalubowski, File)

US jobless claims remain high at 712,000 as virus escalates

Dec. 3, 2020 9:21 AM EST

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell as the nation celebrated Thanksgiving last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak. Thursday's report from the Labor...

FILE - In this Aug. 16, 2016 file photo, a condemned inmate is led out of his east block cell on death row at San Quentin State Prison in San Quentin, Calif. The California Labor and Workforce Development Agency confirmed Tuesday, Dec. 1, 2020, that California has sent about $400 million in unemployment benefits to state prison inmates. In all records show 31,000 inmates have applied for benefits and about 20,800 were paid $400 million. A group of local and federal prosecutors said 133 inmates on death row were named in claims. (AP Photo/Eric Risberg, File)

California paid $400 million in jobless benefits to inmates

Dec. 1, 2020 8:03 PM EST

SACRAMENTO, Calif. (AP) — California sent about $400 million in fraudulent unemployment benefit payments to state prisoners, a state official said Tuesday, nearly triple the amount disclosed last week and a number that could grow as a criminal investigation continues. Nine county district attorneys and a...

Christmas lights hang in the trees as the streets are almost empty in the old town of Marburg, Germany, Monday, Nov. 30, 2020. (AP Photo/Michael Probst)

German unemployment dips despite 2nd partial shutdown

Dec. 1, 2020 4:54 AM EST

BERLIN (AP) — Germany's unemployment rate dipped in November despite a partial shutdown introduced to halt a sharp rise in coronavirus infections, official data showed Tuesday. However, estimates suggest that the number of companies using a short-term salary support program has risen. The unadjusted...

FILE - In this May 6, 2020, file photo, a sign stands outside the Department of Labor's headquarters in Washington. A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on the number of newly laid off workers because of flaws in the government’s data collection. (AP Photo/Patrick Semansky, File)

GAO says weekly unemployment benefits report flawed

Nov. 30, 2020 6:24 PM EST

WASHINGTON (AP) — A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on the number of newly laid off workers because of flaws in the government’s data collection. The Government Accountability Office...

This Week: Construction spending, Fed survey, US jobs report

Nov. 30, 2020 1:01 AM EST

A look at some of the key business events and economic indicators upcoming this week: EYE ON CONSTRUCTION U.S. construction spending has been mostly rising this year after a spring swoon caused by the economic fallout from the pandemic. Spending fell in March, April and May and has notched gains every month...

President-elect Joe Biden speaks Wednesday, Nov. 25, 2020, in Wilmington, Del. (AP Photo/Carolyn Kaster)

The Latest: Biden urges Americans to forgo big Thanksgiving

Nov. 25, 2020 3:54 PM EST

WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): 3:30 p.m. A big Biden family Thanksgiving is off the table for President-elect Joe Biden because of the pandemic. In remarks billed as a Thanksgiving address to the nation, the Democrat urged Americans to “hang on”...

Editorial Roundup: US

Nov. 25, 2020 3:05 PM EST

Excerpts from recent editorials in the United States and abroad: ___ Nov. 25 The Baltimore Sun on toilet paper purchases during the pandemic: You’ve got packages of toilet paper stacked in your bathroom closet. And some stashed in the basement. But then you throw some more rolls into your grocery cart,...

Envelopes from the Florida Department of Economic Opportunity Reemployment Assistance Program are shown, Thursday, Nov. 5, 2020, in Surfside, Fla.  The number of a Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.  (AP Photo/Wilfredo Lee)

Picture of US economy is worrisome as virus inflicts damage

Nov. 25, 2020 1:24 PM EST

WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested that the spread of the virus is...

FILE - This May 11, 2018, file photo, from the California Department of Corrections and Rehabilitation, shows Scott Peterson. A California prosecutor says someone has filed an unemployment claim in the name of convicted murderer Peterson. Sacramento County District Attorney Anne Marie Schubert said it is one of at least 35,000 unemployment claims made on behalf of prison inmates between March and August 2020. (California Department of Corrections and Rehabilitation via AP, File)

California OK'd aid in name of Scott Peterson, other killers

Nov. 24, 2020 9:54 PM EST

SACRAMENTO, Calif. (AP) — California's system for paying unemployment benefits is so dysfunctional that the state approved more than $140 million for at least 20,000 prisoners, local and federal prosecutors said Tuesday, detailing a scheme that resulted in claims filed in the names of well-known convicted...