Business

Unemployment plunges to 4 per cent – biggest quarterly fall in 35 years

The number of people unemployed in New Zealand has been dropping by more than 1000 a week in recent months, with an extremely tight labour market pushing employers to up pay to keep staff. Statistics New Zealand revealed today that in the three months to June 30, the unemployment rate fell to 4 per cent, […]

Business

Colorado unemployment filings tick up as nation sees lowest total of pandemic

New unemployment filings stayed stubbornly steady in Colorado last week, ticking up slightly while the nation as a whole saw its fewest new claims since the COVID-19 pandemic grabbed ahold of the economy last March. Another 13,490 new claims were filed for unemployment support in the state last week, the Colorado Department of Labor and […]

Analysis & Comment

Opinion | Desperate Times, Creative Measures

Millions of Americans are approaching a grim anniversary: one year without paid work. Many of those who lost jobs in the explosion of layoffs last March, and in the subsequent months, are still trying to find new work. Roughly 8 million fewer Americans are working today than at this time last year, just before the […]

Business

US unemployment rate falls to 8.4% in August

US President Donald Trump has congratulated himself on a “much better than expected” unemployment rate in August. Mr Trump was tweeting on Friday after the US Department of Labor announced that the US unemployment rate had fallen from 10.2% in July to 8.4%. He wrote: “Great Jobs Numbers! 1.37 Million Jobs Added In August. Unemployment […]

Business

1.4 million seek unemployment aid as coronavirus surges in South, West

WASHINGTON — The number of people who filed new unemployment claims in Colorado ticked up slightly last week, the third straight week of increases after three weeks of decline when the state’s economy appeared to be finding a footing for a comeback amid the pandemic. Even amid the volatility, there are small signs the number […]

Business

Gap in U.S. Black and white unemployment rates is widest in five years

(Reuters) – The gap between the U.S. unemployment rates for Blacks and whites widened further in June, to its largest in five years, underscoring the uneven nature of the nascent recovery from historic job losses triggered by the coronavirus pandemic. Jobless rates for both groups fell in June, but the rate for whites came down […]