Labor economy

FILE - In this May 7, 2020, file photo, a pedestrian walks by The Framing Gallery, closed due to the COVID-19 pandemic, in Grosse Pointe, Mich. The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. (AP Photo/Paul Sancya, File)
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May 08, 2020 - 12:06 pm
WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. The losses, reported by...
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A Mexican restaurant remains closed under current orders to help prevent the spread of the coronavirus, Friday, May 8, 2020, in South Portland, Maine. Under Gov. Janet Mills' current plan, Maine restaurants will be allowed to reopen on June 1. Bars will have to wait until July 1 to reopen.(AP Photo/Robert F. Bukaty)
May 08, 2020 - 10:48 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________ RESTAURANTS: Restaurants are reviewing every segment of...
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Children wearing face masks stand on the steps of a scaled replica of the United States Capitol Building at the World Park in Beijing on Thursday, May 7, 2020. World tourism has been hard hit by the outbreak of the COVID-19 coronavirus as countries close borders and restricted international flights. (AP Photo/Ng Han Guan)
May 07, 2020 - 10:57 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — China reports 1 new coronavirus case, South Korea...
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FILE - In this April 29, 2020 file photo, a man walks past a closed business in Shaker Heights, Ohio. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. (AP Photo/Tony Dejak, File)
May 07, 2020 - 4:52 pm
NEW YORK (AP) — The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say the program’s low-cost...
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FILE - In this April 30, 2020 file photo, a man writes information in front of Illinois Department of Employment Security in Chicago. U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy. The Wednesday, May 6, report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the world’s largest economy unscathed.  (AP Photo/Nam Y. Huh, File)
May 07, 2020 - 10:41 am
WASHINGTON (AP) — Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the...
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FILE - In this May 6, 2020 file photo, Jarrett Barth, who works for Dagg's Asphalt & Sealcoating, shovels gravel into a backhoe bucket in Lyndhurst, Ohio. U.S. productivity fell a sharp 2.5% in the first three months of this year as labor costs jumped 4.8%. The Labor Department reported that the decline in productivity, the amount of output per hour of work, followed a 1.2% gain in the fourth quarter of last year.(AP Photo/Tony Dejak)
May 07, 2020 - 9:51 am
WASHINGTON (AP) — U.S. productivity fell a sharp 2.5% in the first three months of this year, the biggest decline since 2015, with labor costs jumping 4.8%. The Labor Department reported Thursday that the decline in productivity, the amount of output per hour of work, was the sharpest drop since a...
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People pass by wearing face masks to protect against the spread of the new coronavirus as ride along a street in Beijing, Wednesday, May 6, 2020. China on Wednesday reported just two new cases of the coronavirus and no deaths. (AP Photo/Mark Schiefelbein)
May 07, 2020 - 12:55 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — UN increases amount of appeal to fight coronavirus...
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Allie Arredonodo, wears a face mask as she tries on shoes at Journey's shoe store in the Yuba Sutter Mall in Yuba City, Calif., Wednesday, May 6, 2020. Several dozen shoppers streamed into the first California mall to reopen Wednesday, despite Gov. Gavin Newsom's orders restraining businesses because of the coronavirus pandemic. (AP Photo/Rich Pedroncelli)
May 06, 2020 - 6:42 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to central governments, the work place and the spread of the virus. ________________________ JOB LOSSES: The pandemic jolted the global economy and millions...
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A man walks by a closed store during the COVID-19 in Chicago, Thursday, April 30, 2020. Another 3.8 million people filed claims for jobless benefits last week, according to the Labor Department. While that's down from the previous week's 4.4 million, a staggering 30.3 million have applied for unemployment in the six weeks since the coronavirus began taking a wrecking ball to the U.S. job market. (AP Photo/Nam Y. Huh)
May 06, 2020 - 5:26 pm
WASHINGTON (AP) — The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs. With the economy paralyzed by business closures, the unemployment rate likely jumped...
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FILE - In this Feb. 22, 2018, file photo Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco. In a world where social distancing has become a part of life and people are staying home in hopes of avoiding the coronavirus, companies that have built their business on the sharing economy are struggling. Ride-hailing companies are laying off thousands of employees as their once-loyal customers stay indoors. Those who venture out fear infection, and try to limit contact with others to minimize risk. And home-sharing apps such as Airbnb are slashing staff as the thought of opening living spaces to strangers begins to feel like an anachronism. (AP Photo/Eric Risberg, File)
May 06, 2020 - 4:24 pm
NEW YORK (AP) — In a world where the coronavirus pandemic has turned social distancing into a new way of life, companies whose business models bank on people's willingness to share their personal space are now struggling. Uber said Wednesday it's cutting 3,700 full-time workers, or about 14% of its...
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