Depth and Duration of the Recession – December 2020

“In 2020, the economy shed a net 9.37 million jobs, exceeding the 5.05 million jobs lost in 2009, in the aftermath of the global financial crisis. Hardest hit last year were hotels, restaurants and related industries, driving up unemployment among minorities, the young and less educated workers—groups already disproportionately hit by the economic effects ofContinue reading “Depth and Duration of the Recession – December 2020”

Job Openings August 2020

“The number of available positions slipped to 6.49 million during the month from an upwardly revised 6.7 million in July. A Bloomberg survey of economists called for a decrease to 6.5 million. Separations, which include layoffs and quits, dipped to 4.59 million in August, reflecting decreases in the number of job cuts as well asContinue reading “Job Openings August 2020”

Weekly Initial Jobless Claims 9/24/2020

“Initial jobless claims in regular state programs increased by 4,000 to 870,000 in the week ended Sept. 19. Continuing claims — the total number of Americans claiming ongoing unemployment assistance in those programs — declined 167,000 to 12.6 million in the week ended Sept. 12, which coincides with the reference period for the government’s monthlyContinue reading “Weekly Initial Jobless Claims 9/24/2020”