More than 1.5 million Americans filed for unemployment last week, bringing the total jobless claims to over 44 million in the last 12 weeks. I joined CBS This Morning to explain why weekly job losses continue despite a big gain in May and why the Labor Department's own data is confusing.
In a surprising turn, the economy added 2.5 million jobs in May, dropping the new unemployment rate to 13.3%. I joined CBS This Morning to discuss the reasons behind the unexpected positive data.
Nearly 3 million Americans filed new unemployment benefit claims last week, according to the Department of Labor on Thursday. That means more than 36 million workers have filed for unemployment benefits in the past eight weeks. I joined CBS This Morning to explain the significance of the numbers.
A record 20.5 million Americans lost jobs in April, according to an unemployment report released by the Labor Department Friday. The U.S. unemployment rate jumped to 14.7%, the worst since the Great Depression. I joined CBS This Morning: Saturday to unpack the staggering figure and discuss what it means for the future of the country.
The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression. I joined CBS This Morning to discuss.
For the seventh straight week, unemployment claims are in the millions. More than 33 million Americans have now filed claims for unemployment benefits since mid-March. I joined CBS This Morning to discuss what this means to the economy and which Americans are being hit hardest.
As Americans shelter at home, everyday shopping habits have changed, perhaps permanently, with online grocery sales way up, and department stores struggling to survive. For CBS Sunday Morning, I spoke with Brookfield Properties executive Stephanie Brager; Jan Whitaker, who has written about the history of department stores; and Scott Galloway, a professor of marketing at New York University, about the future of retail.
The Labor Department's latest report says roughly 3.8 million Americans filed for unemployment last week. The figure, comparatively lower than the last five weeks, brings the six-week total to 30 million U.S. workers filing jobless claims. The devastating total reflects the coronavirus pandemic's effect on the economy, despite trillions of dollars in stimulus spending. I joined CBS This Morning to break down the staggering figures.
Many companies are being forced to adapt to the financial impact from the coronavirus pandemic. I joined CBS This Morning to discuss the future of business.
This week saw another significant spike in unemployment claims. Just over 4 million Americans filed for unemployment, bringing the pandemic's five-week total to roughly 26 million people without jobs. President Trump recently signed off on nearly $500 billion extra in addition to the initial coronavirus stimulus package, designed to help mitigate the pandemic's blow to the economy. I joined CBS This Morning to discuss what all of this means for the U.S. and American workers.
The Labor Department says 4.4 million Americans filed for unemployment, bringing the total number to roughly 26 million jobless claims in the last five weeks since the pandemic began. I break down the number and the pandemic's impact on the economy on CBS This Morning.
More than 5 million people filed for unemployment in the last week as coronavirus lockdowns continue through the country. Although the number is lower than the previous two weeks, the figure rounds out a grim four-week span in which over 20 million Americans filed jobless claims. I joined CBS This Morning to talk about what that figure means for the U.S.'s road to economic recovery.
Just over half of all American workers are employed by small businesses (companies with 500 or fewer employees), and according to the U.S. Chamber of Commerce, nearly a quarter of those small businesses could close permanently within two months without a financial lifeline. I chatted with some small business owners who are trying to maintain their (and their employees') livelihoods in a time of tremendous uncertainty.
The Labor Department's newest weekly jobless claims report shows 6.6 million Americans applying for unemployment over the last week. The previous two weeks saw around 10 million U.S. workers filing, a grim record that reflects the coronavirus pandemic's massive weight on the economy. I joined CBS This Morning to break down what the latest numbers mean for workers today and the future of the U.S. economy.
I joined Face the Nation to explain why the U.S. economy will not look the same after COVID-19.
Over 9 million Americans applied for unemployment in the last two weeks, a grim record that reflects the coronavirus pandemic’s toll on the U.S. economy. I joined CBS This Morning: Saturday to break down the virus’ impact on the economy and what the current numbers could mean for American workers’ futures.
New unemployment claims for the most recent measured week totaled 3.28 million. Facing an unprecedented event, the government is taking unprecedented measures as America's economy hits the crisis stage. But there are also firms that are hiring in response to the pandemic. Here’s my piece for CBS Sunday Morning.
The CARES Act, signed into law on Friday, is the largest economic stimulus package in history. The bill allocates $2.2 trillion to people and businesses negatively impacted by the coronavirus’ effects on the economy. I joined CBS This Morning: Saturday to explain if and how the stimulus will affect you.
More than 3 million U.S. workers filed for unemployment last week, making it the worst week for unemployment claims in over 50 years. Over half of all U.S. states have ordered nonessential businesses to close, putting millions more at risk of being laid off or not working enough hours to survive. I joined CBS This Morning to put the numbers into context.
The Senate's $2 trillion coronavirus relief package is expected to pass sometime Wednesday before being sent to the House. The historic bill is designed to help workers and businesses affected by the damage the coronavirus pandemic is causing the economy, including people who have already lost their jobs as a result. I joined CBS This Morning to talk about what that means for you.