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Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.
U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
WASHINGTON – The Federal Reserve is noting what most Americans are already acutely aware of: Economic activity contracted sharply and abruptly cross all regions of the country in recent weeks as the country locked down to combat the coronavirus pandemic.
Washington’s unemployment rate increased to 5.1% last month and the state’s economy lost more than 11,000 jobs, though officials noted the ongoing COVID-19 pandemic’s impact on the workforce isn’t likely to be fully reflected until the April report is released next month.
Another 31,000 Idaho residents filed for unemployment benefits last week as the state economy shed thousands of jobs for the third consecutive week, officials said Thursday.
A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers slashed hundreds of thousands of jobs because of the viral outbreak that has all but shut down the U.S. economy. The unemployment rate jumped to 4.4% from a 50-year low of 3.5%.
Local governments have abstained from the extensive layoffs reported in the private sector during the COVID-19 pandemic, but some have already limited hiring and reined in spending.
Gov. Jay Inslee’s emergency stay home order closes many businesses but allows those deemed essential to fighting the COVID-19 outbreak and supporting communities around the state to remain open.
U.S. employers sharply increased the number of jobs they advertised in January, a sign the job market and economy were in mostly solid shape before the virus outbreak hit.
US employers added a robust 273,000 jobs last month as unemployment rate slipped to 3.5%
U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread further around the globe.
U.S. businesses sharply cut the number of jobs they advertised in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market.
Hiring jumped last month as U.S. employers added a robust 225,000 jobs, bolstering an economy that faces threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing.
Amazon said it expects to have at least 15,000 employees in Bellevue in the next few years as the company expands from its Seattle headquarters to tap the Eastside labor pool.
U.S. companies added 291,000 jobs in January, a big increase from December, but much of that strength likely reflected unusually warm weather during the month.
Amazon says it now employs more than 500,000 people in the U.S., another sign of the online shopping giant’s rapid growth.
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M.
OLYMPIA – Washington state’s December unemployment rate dipped to 4.3 %. According to numbers released Wednesday by the Employment Security Department, December’s rate was down from November’s rate of 4.4 %. The state also saw a gain of 10,900 jobs during the month. The largest private job growth occurred in retail trade and professional and business services, while the biggest losses were seen in wholesale trade and financial activities.