Following Ohio’s shocking unemployment rate increase of 2,565 percent, one economist says the COVID-19 coronavirus’ economic impact will be “long lasting” and provides a list of recommendations.Read More
Even as Ohio Gov. Mike DeWine orders state departments to cut up to 20 percent of their budgets and implement a hiring freeze, state workers are not feeling the coronavirus economic burn like the private sector.Read More
By a vote of 96-0, the U.S. Senate has passed a $2.2 trillion legislative package, by far the largest in U.S. history, to keep tens of millions of Americans on payroll and expand unemployment benefits to those who are laid off while the country waits out the deadly Chinese coronavirus that poses additional risk to seniors and those with underlying conditions.
That way, when the virus passes, those businesses, particularly the 30 million small businesses that are struggling most of all right now, but also critical industries, will be able to rapidly reopen and we can get back to our lives.Read More
Ohio was hit harder with unemployment filings than other states during the immediate aftermath of the coronavirus.
The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed, The Ohio Star reported.
Ohio’s claims totaled 187,784, the Cincinnati Enquirer said, up from 7,046 the previous week.Read More
Minnesota has seen 182,000 workers apply for unemployment insurance since the beginning of the coronavirus pandemic, Department of Employment and Economic Development (DEED) Commissioner Steve Grove said Thursday.Read More
The economic fallout caused by the coronavirus pandemic includes massive unemployment caused by government-mandated shutdowns of businesses throughout Michigan.
The U.S. Department of Labor (DOL) reported 129,298 Michigan employees filed unemployment claims last week. Government figures indicate that number has increased from nearly 5,338 people filing unemployment claims reported March 14, a difference of more than 123,960.Read More
Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.
The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.
The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.Read More
More than 55,000 Michiganders filed unemployment claims between Monday and Wednesday, according to the Department of Labor and Economic Opportunity (LEO).Read More
Gov. Gretchen Whitmer has issued an executive order extending unemployment benefits for Michigan workers impacted by the spread of the coronavirus in the state.
Under the expanded eligibility, unemployment benefits are available to workers who are sick, quarantined or immunocompromised and who do not have access to paid time off; workers who have “unanticipated family care responsibility” such as ill family or additional childcare responsibility due to school closures; and first responders who are ill or quarantined because of the coronavirus. The extended eligibility is in effect until April 14.Read More
The U.S. economy added 273,000 jobs in February, while the unemployment rate was almost unchanged at 3.5%, according to Department of Labor data released Friday.Read More
An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs.Read More
What ever happened to that imminent recession the mainstream media was reporting?Read More
The anti-Trump talking-down-the-economy crowd has America already in a recession, with POLITICO’s Morning Money leading its Thursday morning news with, “…manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the workweek dipped in July, often a leading signal that employers are cutting back. A sharp slowdown in job creation could follow.”Read More
The U.S. economy added 130,000 jobs in August, while the unemployment rate remained at 3.7%, according to Department of Labor data released Friday.Read More
You might have noticed some alarmist reporting from Marketwatch and the Drudge Report implying the economy lost 500,000 jobs last year.Read More
The U.S. economy added 164,000 jobs in July, while the unemployment rate remained at 3.7%, according to Department of Labor data released Friday.Read More
by Mary Margaret Olohan The U.S. economy added 75,000 jobs in May, while the unemployment rate remained at 3.6 percent, according to Department of Labor data released Friday. Economists predicted 180,000 jobs would be added and that wage growth would rise to about 3.2%, according to The Wall Street…Read More
by Henry Rodgers The total number of workers claiming unemployment insurance fell to the lowest level in 50 years, the Department of Labor reported Thursday. The number of applications claiming unemployment insurance benefits dropped by 10,000, bringing the number of applicants to 202,000, the lowest recorded number since Dec.…Read More
Minnesota’s Department of Employment and Economic Development, or DEED, released its monthly jobs report Thursday, and the results weren’t good for Gov. Tim Walz’s first full month in office. According to the report, Minnesota lost 8,800 seasonally adjusted jobs in February, and the unemployment rate climbed from 3 percent to…Read More
Gov. Jared Polis (D-CO) has opened up unemployment benefits for all federal employees working without pay in the state as the government shutdown carries on. “I have authorized an emergency rule that makes unpaid federal workers eligible for unemployment benefits, whether they are reporting for work or not,” Polis said…Read More
While 2018 was, overall, steady for job growth, the year ended on a sour note for the Buckeye State. The Ohio jobs report for December 2018 has been released and it appears to have been a disappointing month. While unemployment remained at an unchanged 4.6 percent from November to December,…Read More
by Tim Pearce Roughly 2.4 percent of the Americans in the workforce quit their jobs in the past year, the fastest rate since 2001, according to the Bureau of Labor Statistics (BLS). The BLS’s most recent version of the Job Openings and Labor Turnover Survey (JOLTS) found that an…Read More
by Ramon Taylor Brandy Corwin likes that she can now wear makeup and nice clothes to work. That is because she is no longer working on the assembly line at the General Motors plant in Fort Wayne, Indiana. “I was laid off multiple times, and having a family, you can’t…Read More
by Rick Manning The incredibly positive economic data that keeps coming out from both private and public sector sources leads to one overriding question: Will the Trump economic detractors ever get tired of being wrong? Over the course of the past six months, we have heard how tariffs against the…Read More
Tennessee’s unemployment rates remain low and the state added 45,000 jobs the past year, the National Federation of Independent Business said. According to the March 2018 numbers from the Tennessee Department of Labor and Workforce Development, 82 of the state’s 95 counties saw lower unemployment rates that month than they…Read More
The U.S. economy added 156,000 new jobs in August, falling just short of expectations, according to the jobs report released by the Bureau of Labor Statistics Friday. The unemployment rate had little change, ticking up from 4.3 percent to 4.4 percent. The labor force participation rate remained unchanged at 62.9…Read More
A 2017 analysis of labor force participation rates using the government’s Current Population Survey (CPS) data for Tennessee, shows that: immigrants (legal and illegal) accounted for all of the net increase in the number of working-age (16-65) people holding a job in Tennessee between the first quarter of 2007…Read More
The economy gave out a medium-sized roar on Friday, when the federal government announced unemployment dropped to 4.4 percent. The nation also added 211,000 jobs in April. The unemployment rate was 4.5 percent in March. “During the Obama years, growth was an abysmal 1.9 percent, which the Congressional Budget Office…Read More