Labor economy

President Donald Trump speaks as he signs the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House, Friday, June 5, 2020, in Washington. (AP Photo/Evan Vucci)
June 05, 2020 - 6:47 pm
WASHINGTON (AP) — President Donald Trump effectively claimed victory over the economic crisis and COVID-19 on Friday as well as major progress against racial inequality, heartily embracing a better-than-expected jobs report in hopes of convincing a discouraged nation he deserves another four years...
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A Bombardier plant is seen in Montreal on Friday, June 5, 2020. Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19. The company said Friday that it had to make the move because business jet deliveries, industry-wide, are forecast to be down approximately 30% year-over-year due to the pandemic. (Paul Chiasson/The Canadian Press via AP)
June 05, 2020 - 4:42 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ JOB CONCERNS: — Mall operator CBL & Associates...
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President Donald Trump arrives to speak at a news conference in the Rose Garden of the White House, Friday, June 5, 2020, in Washington. Vice President Mike Pence and Small Business Administration administrator Jovita Carranza are at right. (AP Photo/Evan Vucci)
June 05, 2020 - 2:38 pm
WASHINGTON (AP) — President Donald Trump on Friday declared it was “a great day” for George Floyd as he discussed a strong jobs report for the country and efforts to bring about racial equality. Joe Biden, the likely Democratic presidential nominee, said Trump’s comments about Floyd were “...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, June 5, 2020. Asian markets are mostly lower after Wall Street rally takes a breather, as investors parse unemployment data. (AP Photo/Eugene Hoshiko)
June 05, 2020 - 10:43 am
Stocks are rushing higher Friday after a much better-than-expected report on the U.S. job market gave Wall Street’s recent rally another shot of adrenaline. The S&P 500 was up 3% after the government said that U.S. employers added 2.5 million workers to their payrolls last month. Economists...
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In this photo taken Thursday, June 4, 2020, a customer walks out of a U.S. Post Office branch and under a banner advertising a job opening, in Seattle. The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy and depressed the job market in the wake of the viral pandemic (AP Photo/Elaine Thompson)
June 05, 2020 - 9:21 am
WASHINGTON (AP) — U.S. unemployment dropped unexpectedly in May to 13.3% as reopened businesses began recalling millions of workers faster than economists had predicted, triggering a rally Friday on Wall Street and giving President Donald Trump something to boast about amid his reelection bid. The...
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June 05, 2020 - 6:26 am
OTTAWA, Ontario (AP) — Statistics Canada reported Friday the Canadian economy added 289,600 jobs in May, with businesses reopening amid easing public health restrictions. The unemployment rate rose to a record high of 13.7%, topping the previous high of 13.1% set in December 1982 in more than four...
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A woman walks past a boutique with a sale sign, Thursday, June 4, 2020, in Cleveland Heights, Ohio. The state says more than 34,000 Ohioans filed unemployment claims during the last week of May. That is the lowest figure since Ohio's stay-at-home orders depressed the economy and led to widespread layoffs. (AP Photo/Tony Dejak)
Associated Press
June 05, 2020 - 5:42 am
WASHINGTON (AP) — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic. The May job gain suggests that businesses have quickly been...
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An officer checks the temperature of Wannapa Kotabin, a 38-year-old kitchen assistant at an Italian restaurant, in front of Social Security office for claim unemployment benefit in Bangkok, Thailand, Thursday, June 4, 2020. The government ordered all restaurants closed in March to combat the spread of the coronavirus, and Wannapa hasn't worked since. That's the harsh truth facing workers laid off around the world, from software companies in Israel to restaurants in Thailand and car factories in France, whose livelihoods fell victim to a virus-driven recession that's accelerating decline in struggling industries and upheaval across the global workforce. (AP Photo/Sakchai Lalit)
June 05, 2020 - 12:04 am
BANGKOK (AP) — Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back. That’s the harsh truth facing workers laid off around the U.S. and the world, from restaurants in Thailand to car factories in France, whose livelihoods fell victim to a virus-...
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Vera Lucia Souza stands before at the gravesite of her 47-year-old brother Paulo Roberto da Silva, who died of COVID-19, during his burial at the Sao Luiz cemetery in Sao Paulo, Brazil, Thursday, June 4, 2020. (AP Photo/Andre Penner)
June 04, 2020 - 7:13 pm
RIO DE JANEIRO — Brazil has reported 1,473 more COVID-19 deaths, the biggest 24-hour increase in the country's death toll since the outbreak began. That’s equal to more than one death per minute, and means the country now has the world’s third highest death toll. For the second straight night, the...
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FILE - In this May 26, 2020, file photo, is a sign at the headquarters for Washington state's Employment Security Department at the Capitol in Olympia, Wash. Washington officials say they believe they have recovered about half of the up to $650 million in unemployment benefits paid to criminals who used stolen identities to file claims during the coronavirus pandemic. (AP Photo/Ted S. Warren, File)
June 04, 2020 - 4:23 pm
OLYMPIA, Wash. (AP) — Washington officials said Thursday they believe they have recovered about half of the hundreds of millions in unemployment benefits paid to criminals who used stolen identities to file claims during the coronavirus pandemic. Employment Security Department Commissioner Suzi...
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