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U.S. Jobless Report: Unemployment Claims Rise Above 21 Million

Higher Ed
Over 5 million Americans filed for unemployment benefits last week.
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December Marked A Decade Of Job Gains In The U.S.

Higher Ed
The nation's unemployment rate remained steady at 3.5%.
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Europe's Unemployment Rate Rises For Fifth Straight Month

Higher Ed
Figures released Thursday show the jobless rate went up by about 251,000 people from July to August.
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Agriculture Department Extends Deadline For Farmers To Apply For Aid

Higher Ed
The program gives direct payments to farmers.
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California Weighs Its Own $600 Weekly Unemployment Support

Higher Ed
The loss of the federal government's emergency unemployment payouts brings the state's average unemployment check to $340 a week.
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2020 Market Rally Baffles Analysts As Millions Struggle Financially

Higher Ed
The stock market posted big gains this year, despite many challenges from the pandemic. It's unclear what that means for the economy in 2021.
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Fed Cuts Interest Rates For Third Time This Year

Higher Ed
The Federal Reserve pointed to weak business investment and exports as reasons for making the cut.
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Less Than 1 Million Americans Filed For Unemployment Last Week

Higher Ed
The Labor Department reported 963,000 Americans filed for unemployment benefits, less than economists had expected.
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U.S. Suspends Some Worker Visas Through End Of Year

Higher Ed
Tech and IT companies say they face skilled-worker shortages but critics say visas allow firms to undercut U.S. employees.
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Japan Reports Worst Economic Slump On Record

Higher Ed
Japanese media called it the worst drop since World War II, but the government says a similar slide hit in 1980.
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The U.S. Economy Gained 225,000 New Jobs In January

Higher Ed
The U.S. has gained an average of 211,000 jobs per month for the past three months.
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Federal Reserve To Keep Rates Near Zero Even If Inflation Rises

Higher Ed
Chairman Jerome Powell said Thursday the new approach is more flexible. He noted if inflation spiked, the Fed could still make adjustments.
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WHO Says Countries Need 'Slow, Steady Lifting Of Lockdowns'

Higher Ed
The organization's director-general said leaders must keep a "vigilant eye on the virus" so they can re-implement measures if cases increase again.
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Paycheck Protection Program Lending Extended Into August

Higher Ed
The law was passed by Congress less than a day after the program's lending window ended.
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Thousands Of Airline Workers Furloughed As Government Aid Expires

Higher Ed
But carriers said they could bring the jobs back if they get more government aid.
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Democrats Reject Offers To Extend $600 Jobless Benefit

Higher Ed
White House negotiators and Democratic leaders are expected to continue working toward a solution over the weekend.
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White House, Democrats Informally Agree To 'Clean' Spending Bill

Higher Ed
Sources say the White House and congressional Democrats informally agreed to a so-called "clean" stopgap funding bill to keep the government funded.
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Treasury Completed Loans With 7 Large Airlines, Calls For More Aid

Higher Ed
Tens of thousands of travel workers could lose their jobs starting Thursday.
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Economic Impact Of President Trump's COVID-19 Result Ripples Worldwide

Higher Ed
U.S. stock futures and Asian shares fell overnight.
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Jobless Claims Fall To New Pandemic Low Of 406,000

Higher Ed
The number of weekly applications for jobless aid, a rough measure of the pace of layoffs, has fallen by more than half since January.
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United Airlines To Furlough More Than 16,000 As Soon As October

Higher Ed
Almost half the jobs furloughed are expected to be flight attendants.
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742,000 Jobless Claims Filed Last Week

Higher Ed
New data shows first increase in weekly claims in a month.
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Jobless Claims Hit New Pandemic Low

Higher Ed
The number of weekly jobless claims has declined steadily since the year began.
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Coca-Cola To Cut Thousands Of Jobs Due To Pandemic

Higher Ed
The company is suffering a drop in sales as many venues that serve its products have been forced to close during the pandemic.