Tag: Unemployment Rate

Great Depression-like U.S. job losses, unemployment rate expected in April – Reuters

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world’s biggest economy.
— Read on www.reuters.com/article/us-usa-economy/great-depression-like-u-s-job-losses-unemployment-rate-expected-in-april-idUSKBN22K0E1

The April jobs report is expected to show more than 20 million lost jobs and the depth of pain as the U.S. economy slammed shut

April’s jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the economy’s collapse.
— Read on www.cnbc.com/2020/05/07/the-april-jobs-report-is-expected-to-show-more-than-20-million-lost-jobs-and-the-depth-of-pain-as-the-us-economy-slammed-shut.html

Unemployed workers applying for jobless benefits seen topping 25 million – MarketWatch

The record surge in suddenly unemployed Americans likely grew by another million last week to push the total close to 25 million since the coronavirus…
— Read on www.marketwatch.com/story/unemployed-workers-applying-for-jobless-benefits-seen-topping-25-million-2020-04-22

Spanish economy could shrink up to 12.4% in 2020: Bank of Spain – Reuters

Spain’s economy should shrink between 6.8% and 12.4% this year depending on whether its lockdown over the coronavirus, first imposed in mid-March, lasts eight or 12 weeks, the Bank of Spain said on Monday as it charted various economic scenarios.
— Read on www.reuters.com/article/us-health-coronavirus-spain-economy/spanish-economy-could-shrink-up-to-12-4-in-2020-bank-of-spain-idUSKBN22210O

US jobless claims could soon exceed 8 million, economist projects

The number of weekly unemployment claims filed in the U.S. could soon exceed 8 million as the fallout from widespread shutdowns amid the coronavirus pandemic continues to worsen, one economist told CNBC on Friday.
— Read on www.cnbc.com/2020/04/03/us-jobless-claims-could-soon-exceed-8-million-economist-projects.html

Why Spain Can’t Shake One of World’s Highest Unemployment Rates

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. Spain’s vicious start-and-stop cycle of bad jobs has become one of Europe’s most chronic economic dilemmas, a problem unresolved by its post-crisis boom.For Raquel Garcia, that means peak
— Read on ca.finance.yahoo.com/news/why-spain-t-shake-one-050000556.html

Biggest Jobs Loss Since 2009 Tests Canadian Resolve on Rates – Bloomberg

Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and setting up a test of the Bank of Canada’s resolve to hold off from lowering interest rates.
— Read on www.bloomberg.com/news/articles/2019-12-06/canada-posts-largest-jobs-loss-since-2009-on-full-time-decline