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But the central bank is putting a stop to share buybacks and limiting bank dividends.
It’s the 12th straight drop in first-time claims, a sign that layoffs are slowing but still at a high level.
Weekly jobless claims have leveled off at well above 1 million, as new layoffs offset people called back to work.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week.
Laid-off workers try to come to terms with a grueling new reality in what was once Europe’s most vibrant labor market.
A snapshot of who’s hiring now, plus a warning about employment predictions in an unknown COVID-19 recovery.
Not all states have the programs, in which workers’ hours are cut and unemployment benefits are used to fill in wages.
A possible cure for the economic crisis caused by the pandemic? The job guarantee. Pavlina Tcherneva of Bard College explains the job-creation idea.
The Federal Reserve estimated unemployment will be at 9.3% by the end of 2020.
Marketplace host Kai Ryssdal spoke with former BLS Commissioner Erica Groshen about the “misclassification” error.