Tag: Unemployment

• Wednesday, May 13th 2020 - 07:37 UTC

  Fed says US households will need more fiscal support and forecasts 20% unemployment

  

  United States businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday.

• Monday, May 11th 2020 - 07:48 UTC

  Unemployment will “get worse before they get better”, says Mnuchin

  

  The staggering US unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.

• Friday, May 1st 2020 - 08:12 UTC

  International Workers Day message from ILO Director General

  

  By Guy Ryder (*) – In the time of coronavirus, the big challenge for most of us is how to protect ourselves and our families from the virus and how to hold on to our jobs. For policymakers, that translates into beating the pandemic without doing irreversible damage to the economy in the process.

• Thursday, April 30th 2020 - 07:28 UTC

  Fed admits public health situation will “weigh heavily on economic activity, jobs and inflation”

  

  The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only “weigh heavily” on the near-term outlook but poses “considerable risks” for the medium term as well.

• Wednesday, April 22nd 2020 - 08:35 UTC

  Immigration green card seekers face 60 days suspension, “to protect US jobs”

  

  President Donald Trump said on Tuesday he was suspending immigration for green-card seekers for 60 days, arguing the controversial move would protect US jobs.

• Saturday, April 4th 2020 - 08:18 UTC

  Record unemployment filing in US in two weeks; “economy has slipped into recession”

  

  The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

• Thursday, April 2nd 2020 - 07:50 UTC

  US unemployment claims expected at record high: 80% Americans under some form of lockdown

  

  The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

• Tuesday, March 31st 2020 - 09:20 UTC

  Spain overtakes China in Coronavirus infections; business leaders warn of impact on jobs with the lockdown

  

  Spain overtook China in the number of those infected with coronavirus on Monday as the government tightened restrictions on a population entering its third week under one of the strictest lockdowns in Europe.

• Friday, March 27th 2020 - 09:08 UTC

  World leaders pledge US$ 5 trillion to address the global economic collapse

  

  World leaders on Thursday promised US$5 trillion to stave off global economic collapse from the coronavirus pandemic that has killed 21,000 people and shut down huge swathes of the globe.

• Thursday, March 19th 2020 - 08:23 UTC

  Mnuchin denies potential US unemployment of 20% but considers a US$ 2.000 stimulus check to every American

  

  Treasury Secretary Steven Mnuchin on Wednesday vowed that unemployment would not reach 20%, seeking to clarify comments he made a day earlier on a worst-case economic scenario resulting from the coronavirus pandemic.