San José, CA – The broadest measure of unemployment insurance, which includes the regular state unemployment insurance or UI, the federal Pandemic Unemployment Assistance or PUA, the federal Pandemic Emergency Unemployment Compensation or PEUC, as well as the state Extended Benefits or EB rose in the first week of January by 2.3 million people to a total of 18.3 million people. While down from its peak in April, it is still nine times as high as it was a year ago before the recession began, according to the weekly report by the U.S. Department of Labor released on Thursday, January 28.
San José, CA – on Friday, January 8 the U.S. Department of Labor released its monthly report on the state of the job market. While mainstream economists expected economic growth to continue to slow with only 50,000 new jobs, down from a gain of 330,000 jobs in November, the reality was much worse. In December, 140,000 jobs were lost, the first month of losses since the dark days of April. The year ended with 9.8 million fewer jobs than before the recession began, a record high going back to 1939, and almost twice as bad as the previous recession year of 2009. President Trump became the first president since Republican Herbert Hoover set to leave office with a net job loss.
San José, CA – On Friday, December 4, the U.S. Department of Labor released its report on the jobs market in November. Their monthly survey of businesses reported a gain of only 245,000 new jobs, about half of what economists expected and less than half of October’s job gain of 600,000 jobs. For the first time since the beginning of the recession, job losses have spread from the government, which lost almost 100,000 jobs, to retail, which lost almost 35,000 jobs. Job growth in other areas slowed from October, with the exception of transportation and warehousing, showing the continuing growth of online shopping. November’s gain barely put a small dent in the almost 10 million jobs still missing from the plunge in March and April.
San José, CA – On Friday, December 4, the U.S. Department of Labor released its report on the jobs market in November. Their monthly survey of businesses reported a gain of only 245,000 new jobs, about half of what economists expected and less than half of October’s job gain of 600,000 jobs. For the first time since the beginning of the recession, job losses have spread from the government, which lost almost 100,000 jobs, to retail, which lost almost 35,000 jobs. Job growth in other areas slowed from October, with the exception of transportation and warehousing, showing the continuing growth of online shopping. November’s gain barely put a small dent in the almost 10 million jobs still missing from the plunge in March and April.
