National data shows that almost 19 percent of Latinos in the U.S. are now unemployed, a number higher than that of any other ethnic group. Just 16 percent of Latinos have jobs that allow them to work from home, a recent study found.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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Watch live: California Gov. Gavin Newsom and other officials will be providing updates on the state’s response to COVID-19. #California #coronavirus #COVID19
Australian Prime Minister Scott Morrison gives an update on rising unemployment figures, revealing 2.7 million Australians out of jobs or had hours cuts. Subscribe: https://bit.ly/2noaGhv Get more breaking news at: https://bit.ly/2nobVgF
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A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount.
The new applications brought the total number of jobless claims since mid-March to 33.3 million- or about 20% of the US workforce.
The number of new claims reported each week by the Department of Labor has subsided since hitting a peak of 6.9 million in March.
But they remain extraordinarily high.
And the number of people collecting benefits has continued to rise, despite recent moves to start re-opening in some parts of the country.
Estimates the unemployment rate will climb past 10%, banks say they can weather the coronavirus storm despite plunging profits and can Target survive the pandemic? Network Finance Editor Gemma Acton has the details.
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Update: As unemployment reaches record levels in California, Gov. Gavin Newson on April 15 has signed an executive order to extend the hours of the Employment Development Department’s call center to meet the demand. The new hours, seven days a week, will be from 8 a.m. to 8 p.m., Newsom said. They start April 20. #coronavirus #COVID19
Story: https://ktla.com/news/california/newsom-to-give-latest-update-on-californias-response-to-covid-19-outbreak-in-daily-briefing/
The Labor Department has announced that it received over 6 million jobless claims in one week, significantly higher than the previous week’s record-setting 3.3 million. CBS News Business Analyst Jill Schlesinger joins “CBS This Morning” to weigh in on what the latest report means for the U.S. economy and what out-of-work Americans can do to help themselves and their families.
Jobless claims smashed a record, U.S deaths surged past 1,000, and those $1,200 stimulus checks were inching closer to America’s mailboxes Thursday as coronavirus tightened its grip on America.
RELATED: Senate announces coronavirus stimulus deal, reaches trillions of dollars https://www.youtube.com/watch?v=uv3GqTy32aM
The Labor Department, in announcing the unemployment claims numbers for last week, said what Americans already knew – that layoffs hit the hospitality and food service industries particularly hard. Other industries that struggled included health care and social assistance, arts, entertainment and recreation, transportation and warehousing, and manufacturing industries, Labor said.
