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Job losses

Jobless claims were lower than expected but employment growth is still sluggish

Jobless claims were lower than expected but employment growth is still sluggish

By: Jeff Cox
Source: CNBC
Date of Publication: September 17th, 2020
First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage. Filings totaled 860,000 for the week ended Sept. 12, the Labor Department reported Thursday. Economists surveyed by Dow Jones had expected 875,000, against the previous week’s upwardly revised 893,000.
U.S. weekly jobless claims flattening; labor market recovery showing signs of fatigue

U.S. weekly jobless claims flattening; labor market recovery showing signs of fatigue

By: Lucia Mutikani
Source: Reuters
Date of Publication: September 10th, 2020
The number of Americans filing new claims for unemployment benefits hovered at high levels last week, suggesting the labor market recovery from the COVID-19 pandemic was stalling.
U.S. weekly jobless claims rise for a second straight week, total 1.434 million

U.S. weekly jobless claims rise for a second straight week, total 1.434 million

By: Fred Imbert
Source: CNBC
Date of Publication: July 30th, 2020
The Labor Department said initial weekly jobless claims last week came in at 1.434 million. Economists polled by Dow Jones expected claims to rise to 1.45 million. It was the 19th straight week in which initial claims totaled at least 1 million and the second consecutive week in which initial claims rose after declining for 15 straight weeks.
Weekly claims turn higher as coronavirus jobs crisis inflicts more damage

Weekly claims turn higher as coronavirus jobs crisis inflicts more damage

By: Fred Imbert
Source: CNBC
Date of Publication: July 23rd, 2020
The Labor Department said initial jobless claims came in at 1.416 million for the week ending July 18, the 18th straight week in which initial claims totaled more than 1 million. Economists polled by Dow Jones expected a print of 1.3 million. Thursday’s report also snapped a 15-week streak of declining initial claims.
American unemployment claims are on the rise again for the first time in 4 months

American unemployment claims are on the rise again for the first time in 4 months

By: Anneken Tappe and Tami Luhby
Source: CNN Business
Date of Publication: July 23rd, 2020
America's jobless crisis is far from over. Thursday's Department of Labor report hammered that point home: Another 1.4 million Americans filed for first-time unemployment benefits last week, marking the first increase in initial claims in 16 weeks.
Harley-Davidson Looks for a New CFO as It Overhauls Business - WSJ

Harley-Davidson Looks for a New CFO as It Overhauls Business

By: Nina Trentmann
Source: The Wall Street Journal
Date of Publication: July 9th, 2020
Motorcycle maker is simplifying its geographic footprint and model lineup.
Harley-Davidson to Cut 13% of Global Workforce - WSJ

Harley-Davidson to Cut 13% of Global Workforce

By: Austen Hufford
Source: The Wall Street Journal
Date of Publication: July 9th, 2020
Motorcycle maker is latest company to reduce workforce as coronavirus spreads.
Some jobs are coming back, but economy will need years to heal

Some jobs are coming back, but economy will need years to heal

By: David J. Lynch
Source: Washington Post
Date of Publication: July 3rd, 2020
“The situation is really fluid. And it changes day by day,” Jeff Gennette, Macy’s chief executive, told investors this week on an earnings call. The same could be said of the entire U.S. economy, which has defied the most pessimistic forecasts yet still faces an uncertain trek back to its former heights. With the unemployment rate at 11.1 percent, worse than at any point during the Great Recession, and output continuing to decline, the healing could go on for years.
U.S. employers announced more job cuts in June: report

U.S. employers announced more job cuts in June: report

Source: Reuters
Date of Publication: July 1st, 2020
U.S. employers announced an additional 170,219 job cuts in June as the recession caused by the COVID-19 depresses demand and pushes companies into bankruptcy, a report showed on Wednesday.
Tesla factory workers who stayed home due to COVID fears face termination

Tesla factory workers who stayed home due to COVID fears face termination

By: Timothy B. Lee
Source: Ars Technica
Date of Publication: June 26th, 2020
In May, Tesla told workers they could stay home if they felt unsafe.