WASHINGTON — America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen. The March increase — the most since August —...
Job Losses From Virus 4 Times as Bad as ’09 Financial Crisis
GENEVA — Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009, a U.N. report said Monday. The International Labor Organization estimated that the restrictions on businesses and public life destroyed 8.8% of all...
US Loses 140,000 Jobs, First Monthly Drop Since Spring
WASHINGTON — U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. At the same time, the unemployment rate stayed at 6.7%, the first time it hasn't...
'It's Scary,' Says FCC Nursing Student on Entering COVID-19 Workforce
To graduate, or not. That was the question facing prospective California nursing students until state regulators took action late Friday. But another track is emerging in the medical profession: Those who have job prospects even as other medical professionals are now hurting for work. GV Wire spoke with a Fresno City College...
Filing for Unemployment? How Much It Pays and Who Collects.
The number of Californians in the unemployment line has dramatically increased the past few weeks during the COVID-19 pandemic. While there is no literal line — filing for unemployment insurance takes place online — additional help from the federal government is here. For the week ending on March 21, California...
US Job Market Looked Robust Before Virus Outbreak Escalated
WASHINGTON — Hiring in the United States jumped in February as employers added 273,000 positions, evidence that the job market was in strong shape before the coronavirus began to sweep through the nation. The Labor Department said Friday that the unemployment rate fell to 3.5% last month, matching a 50-year low, down...
US Open Jobs Fall Sharply for 2nd Straight Month
WASHINGTON — 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. The number of available positions dropped 5.4% to 6.4 million, a historically solid number, the Labor Department said Tuesday. There are...
US Economy Adds a Strong 225K Jobs; Unemployment Up to 3.6%
WASHINGTON — 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. The Labor Department also said Friday that a half-million people streamed into the job market in January, though...
Trump: New Trade Deal With Canada, Mexico to Boost US Growth
WASHINGTON — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico that he said replaces the “nightmare" of a Clinton-era agreement and will keep jobs, wealth and growth in America. Trump made renegotiating the North American Free Trade Agreement a priority during his 2016 campaign,...
California Unemployment Rate Held Steady at 3.9% in December
SACRAMENTO — California's unemployment rate held steady at the record low 3.9% in December, the state said Friday. California added 12,600 nonfarm payroll jobs during the month, the Employment Development Department said. Those gains extend California’s record job expansion to 118 months. The current expansion began in February 2010. The...