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Unemployment

Fed survey: The poorest Americans are being hit hardest by job loss - Business Insider

"This reversal of economic fortune has caused a level of pain that is hard to capture in words," said Fed Chair Jerome Powell.

2020-05-14
US jobless claims preview: Economists expect another week of decline - Business Insider

US jobless claims preview: Economists expect another week of decline - Business Insider

"If the current rate of decline continues, claims will dip below 1M in the second or—more likely—third week of June," said economist Ian Shepherdson.

2020-05-14
Why stock market is higher despite unemployment, coronavirus job loss - Business Insider

Why stock market is higher despite unemployment, coronavirus job loss - Business Insider

Investors think that, even though the unemployment numbers look bad, the US economy has hit bottom already and will get better from here

2020-05-12

US economic forecast: GDP could plunge 30%, 17% unemployment, says Hassett - Business Insider

Hassett also expects the US unemployment rate, due to be published next month to soar to 16-17%. By comparison, US unemployment was 4.4% in March.

2020-04-27
US weekly jobless claims preview: another week of millions unemployed - Business Insider

US weekly jobless claims preview: another week of millions unemployed - Business Insider

There is "probably no single metric you can look at" to better get a broad sense of how the economy is doing than unemployment, said Jason Thomas.

2020-04-23
Job security concerns in tech jumped, especially at these companies - Business Insider

Job security concerns in tech jumped, especially at these companies - Business Insider

New research from the anonymous social media network Blind shows job concerns among employees at tech companies jumped 33% in a month.

2020-04-17
US jobless claims preview: Economists see record UI beginning to slow - Business Insider

US jobless claims preview: Economists see record UI beginning to slow - Business Insider

The surge in claims "should push the unemployment rate up to 17% in the April data, a new post-World War II high," wrote Brett Ryan of Deutsche Bank.

2020-04-16

72% of Americans say they're feeling the financial toll of COVID-19 - Business Insider

In a new Insider poll, 72% of Americans said they are experiencing some level of financial hardship due to the coronavirus.

2020-04-14

Yellen: US GDP could fall 30%, unemployment might be 13% amid virus - Business Insider

"My hope is that we get back to business as usual as quickly as possible," said former Federal Reserve Chair Janet Yellen.

2020-04-06

Morgan Stanley projects 17 million jobs lost in the second quarter - Business Insider

Nearly 17 million jobs could be lost in the second quarter, pushing unemployment to 13%, according to Morgan Stanley's chief economist.

2020-03-24

US unemployment could surge to 30% in Q2, GDP plunges 50%, Fed boss warns - Business Insider

"It is a huge shock and we are trying to cope with it and keep it under control," St. Louis Fed chief James Bullard told Bloomberg.

2020-03-23

9 charts comparing Trump economy to Obama, Bush administrations - Business Insider

Trump touts his handling of the economy as the strongest indicator of his success, but a closer look reveals a mixed picture.

2019-11-26

9 charts comparing Trump economy to Obama, Bush administrations - Business Insider

Trump touts his handling of the economy as the strongest indicator of his success, but a closer look reveals a mixed picture.

2019-10-10

Saudi Arabia is cracking down on foreign workers, but that may not go over so well inside the kingdom

Saudi Arabia plans to bar foreign workers from certain jobs in an effort to reduce unemployment and the potential for social strife that come with it.

2019-08-21

Here's why the economy feels so bad when it sounds so good

Americans watch stocks surge and unemployment drop but they still don't feel great about the future because those numbers don't tell the whole story.

2019-08-06
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