Unemployment claims just saw their first increase since the coronavirus lockdowns in March

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The report comes amid news of coronavirus surges across the country, which have caused a number of states to roll back plans for reopening. The Labor Department on Thursday reported that around 1.4 million Americans filed new unemployment claims last week—up from 1.3 million the prior week, marking the first increase in new unemployment claims since March. Read Full Story

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Chart: Black Americans have faced pandemic-level unemployment for a decade

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Unemployment rates reveal a lot more than job loss—they show the economic effects of racism. In March, the New York Times gave up its most valuable real estate—the right hand column— for a bar chart that showed the staggering and unprecedented 3.3 million unemployment claims brought on by the coronavirus pandemic. That number only increased, and by April unemployment in the United States was at a record 14.7%. Read Full Story

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Goldman Sachs prediction: Unemployment claims will surge to an eye-popping 2.25 million

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A spike in jobless claims as a result of the COVID-19 pandemic could be historic, according to a prediction by Goldman Sachs. While the Trump administration is asking states to not disclose exact unemployment claim numbers as coronavirus-related jobless claims mount, Goldman Sachs feels no such compunction to stay quiet: The firm predicts that new claims will spike to a whopping 2.25 million, the largest one-week jump in history. Read Full Story

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Eye-popping 3.3 million new unemployment claims: These states were hardest hit

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The coronavirus pandemic is wreaking havoc on the economy, and new jobless claims are soaring. Remember when, last week, the Trump administration asked states to stay hush-hush about how many people were applying for unemployment? Those numbers are now public: Nearly 3.3 million Americans filed new unemployment claims last week , meaning that more than 5 million Americans will soon be receiving unemployment benefits as the coronavirus pandemic continues to ravage the economy. In graphics, the chart looks like this: Read Full Story

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5 secrets to get you past the résumé-reading robots

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Before your résumé gets to a recruiter, it’s read by an AI-driven Applicant Tracking System. A human resources exec advises how you can beat the robot. Even as the economy rebounds from the coronavirus pandemic, millions of Americans remain out of work, and weekly new unemployment claims continue to hover around one million. With so many people looking for their next opportunity, it is important that job seekers not only update and refresh their résumés to highlight their key skills and experience, but to format their résumés in such a way that they will get past the automated, robot résumé-readers that are increasingly the first gatekeepers in the recruiting process. Read Full Story

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$600 unemployment benefits update: Why is there no extension? What happens next?

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The federal $600-weekly unemployment benefit that was authorized as part of the CARES Act coronavirus relief package in March officially ends today. The federal $600-weekly unemployment benefit that was authorized as part of the CARES Act coronavirus relief package in March officially ends today. Although benefits effectively ended last week for most recipients, the end date on the actual legislation is today, July 31, and lawmakers on Capitol Hill were unable to agree on a new stimulus package that would have extended the benefits. Here’s the latest update: Read Full Story

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This live layoffs tracker shows the tragic economic impact of coronavirus in real time

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Layoffs.fyi has been meticulously cataloging layoffs since early March, when the World Health Organization declared COVID-19 a pandemic. The economic ripple effects of the coronavirus pandemic are becoming increasingly difficult to track. Weekly job reports by the Department of Labor may be jaw-dropping and wholly unsettling, but they mostly tell the story in raw numbers. Read Full Story

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