The Fed says big banks have passed their COVID-era stress tests

Jun 25, 2020
But the central bank is putting a stop to share buybacks and limiting bank dividends.
The Federal Reserve Building in Washington, D.C. The stress test the Fed created this year envisioned 10% unemployment. The current rate is 14%.
Chip Somodevilla/Getty Images

The unemployment rate spiked to 14.7% in April. It doesn't fully capture COVID-19 job losses.

May 8, 2020
Some have lost jobs since the April survey, others may not be counted as unemployed because they are not actively seeking work.
Unemployment numbers are likely missing people who aren't working in order to home-school or care for family. Above, a mom works while her son does schoolwork during the pandemic.
Brendon Thorne/Getty Images

Labor force participation rate signals massive job loss

Apr 30, 2020
With first-time jobless claims topping 30 million since mid-March, the Labor Department's April unemployment rate may under-count job loss.
A city worker hands out applications for unemployment benefits at a drive-through center.
Joe Raedle/Getty Images

Despite staggering unemployment numbers, it's even worse than it looks

Apr 9, 2020
Nearly one out of 10 people who had a job to go to before the pandemic don't have one now.
One expert estimates unemployment in the U.S. is around 14% currently.
Angela Weiss/AFP via Getty Images

Help us do the numbers.

Donations from you are the most important part of Marketplace's budget. Chip in today.

Pay no attention to Friday's jobs numbers

Apr 2, 2020
The BLS monthly jobs report is based on surveys conducted in mid-March, before the recent wave of layoffs and furloughs.
Job listings are down in hospitality and travel during COVID-19. Above, a note of closure on the door of the Waterfront Hotel in Baltimore, Maryland, on March 19.
Jim Watson/AFP via Getty Images

Weekly unemployment claims start to give a snapshot of COVID-19 layoffs

Mar 19, 2020
Many companies are laying off workers. Weekly jobless claims will tell us how many people are now filing for state unemployment benefits.
For the week of March 14, there were 281,000 new claims, the highest level for initial claims since Sept. 2, 2017.
Justin Sullivan/Getty Images