Layoffs and pay cuts are now striking more white collar jobs
4 years, 8 months ago

Layoffs and pay cuts are now striking more white collar jobs

Associated Press  

WASHINGTON — First, it was bars, restaurants, hotels. The mounting toll of job losses resulted last week in 5.2 million new applications for unemployment benefits, the Labor Department said Thursday. Layoffs jumped by nearly 40,000 in Texas earlier this month, the government’s report said, fueled partly by job losses in a category that includes data processing and online publishing companies. “It’s very frustrating.” The grim figures on layoffs, furloughs and salary cuts point to a U.S. economy that is tumbling into what appears to be a calamitous recession, the worst in decades. The delays in many states in processing applications for contractors and gig workers is a problem for people like Celia Rocha, 44, who lost what she called her “dream job” as a studio assistant to an artist in Los Angeles after California ordered all non-essential businesses to close last month.

Unemployment Workers Pay Month European Rocha Job Losses Layoffs Unemployment Aid Collar Job  striking  unemployment  states  worst  white  month  layoffs  collar  job  jobs  nearly  pay  workers  cuts  shrink  week

History of this topic

US applications for jobless claims fall to 201,000, lowest level in nearly a year
Trending News
1 week ago

US applications for jobless claims fall to 201,000, lowest level in nearly a year

Associated Press  

U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending January 4, down from the previous week’s 211,000. When the Labor Department releases hiring numbers …

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year
1 week, 1 day ago

U.S. applications for jobless claims fall to 201,000, lowest level in nearly a year

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25, 2024. U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs. The Labor Department on Wednesday said that applications for jobless benefits fell to 201,000 for the week ending …

US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient
1 week, 1 day ago

US job openings rise unexpectedly to 8.1 million in November, a sign the labor market is resilient

Associated Press  

WASHINGTON — U.S. job openings rose unexpectedly in November, showing companies are still looking for workers even as the labor market has cooled overall. Openings rose to 8.1 million in November, the most since February and up from 7.8 million in October, the Labor Department reported Tuesday. When the Labor Department releases December hiring numbers on Friday, they’re expected to …

US applications for unemployment benefits come back down after last week’s big rise
3 weeks, 6 days ago

US applications for unemployment benefits come back down after last week’s big rise

Associated Press  

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before. Continuing claims, the total number of Americans collecting jobless benefits, fell by 5,000 to 1.87 million for the week of Dec. 7. Earlier this month, the government reported that U.S. job openings rebounded to 7.7 million in October from a 3 …

US applications for jobless benefits rise to highest level in 2 months but remain relatively low
1 month ago

US applications for jobless benefits rise to highest level in 2 months but remain relatively low

Associated Press  

U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. This week’s report also showed that continuing claims, the total number of Americans collecting jobless benefits, rose by 15,000 to 1.89 million for the week of Nov. 30. The Fed has cut its benchmark rate at its last …

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low
1 month ago

U.S. applications for jobless benefits rise to highest level in 2 months but remain relatively low

LA Times  

A help wanted sign is displayed at a restaurant in Chicago on Nov. 25. U.S. applications for unemployment benefits jumped to their highest level in two months last week but remain low relative to historical standards. This week’s report also showed that continuing claims, the total number of Americans collecting jobless benefits, rose by 15,000 to 1.89 million for the …

Job openings rose while hiring dropped in October, labor report shows
1 month, 1 week ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
4 months, 1 week ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

The number of Americans filing for jobless benefits jumps to the highest level in 10 months
7 months ago

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

Associated Press  

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates. “That would be consistent with a slower pace of hiring and fewer workers leaving their jobs.” Though this week’s number seems relatively high, it’s still within …

US applications for jobless benefits come back down after last week’s 9-month high
7 months, 4 weeks ago

US applications for jobless benefits come back down after last week’s 9-month high

Associated Press  

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced. Last week’s applications were the most since the final week of August 2023, though it’s still a relatively low number of layoffs. Weekly unemployment claims are considered a proxy for the number of …

US applications for jobless benefits rise but remain historically low despite recent layoffs
10 months, 2 weeks ago

US applications for jobless benefits rise but remain historically low despite recent layoffs

Associated Press  

More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year. Applications for unemployment benefits rose by 13,000 to 215,000 for the week ending Feb. 24, the Labor Department reported Thursday. In total, 1.9 million Americans were collecting jobless benefits during the week that ended Feb. 17, …

More Americans apply for unemployment benefits but layoffs still historically low
11 months, 2 weeks ago

More Americans apply for unemployment benefits but layoffs still historically low

Associated Press  

The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels. Applications for unemployment benefits climbed to 224,000 for the week ending Jan. 27, an increase of 9,000 from the previous week, the Labor Department reported Thursday. Though inflation has eased considerably in the past year, …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
11 months, 3 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

US applications for unemployment benefits fall again as job market continues to show strength
1 year ago

US applications for unemployment benefits fall again as job market continues to show strength

Associated Press  

The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. In an effort to extinguish the four-decade high inflation that took hold after an unusually strong economic rebound from the COVID-19 recession of 2020, the Federal Reserve raised its benchmark rate 11 times since March of 2022. …

US applications for jobless benefits inch down, remain at historically healthy levels
1 year, 2 months ago

US applications for jobless benefits inch down, remain at historically healthy levels

Associated Press  

Slightly fewer Americans applied for jobless claims last week, further indicating that the labor market remains strong in an era of high interest rates. Though Fed officials opted to leave the benchmark rate alone last week, the U.S. central bank has raised rates 11 times since March of 2022 in an effort to tame inflation, which reached a four-decade high …

US applications for jobless benefits inch up but layoffs remain historically low
1 year, 3 months ago

US applications for jobless benefits inch up but layoffs remain historically low

Associated Press  

Slightly more Americans applied for jobless claims last week, but layoffs remain low and the labor market continues to show resiliency amid elevated interest rates imposed by the Federal Reserve. Applications for unemployment benefits ticked up by 2,000 to 207,000 for the week ending Sept. 30, the Labor Department reported Thursday. Though the Federal Reserve opted to leave its benchmark …

U.S. jobless claims applications fall as labor market continues to show resiliency
1 year, 4 months ago

U.S. jobless claims applications fall as labor market continues to show resiliency

Associated Press  

The U.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation. Applications for unemployment benefits dropped by 11,000 to 239,000 for the week ending August 12, down from 250,000 the previous week, the Labor Department reported Thursday. Early this …

Job openings fall to lowest level in two years as demand for workers cools
1 year, 5 months ago

Job openings fall to lowest level in two years as demand for workers cools

Associated Press  

WASHINGTON — U.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit. The government’s report also showed that the number of people who quit their jobs in June fell sharply to 3.8 million, from 4.1 million, another sign the job market …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 6 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Applications for jobless benefits in the U.S. retreat after three weeks of elevated claims
1 year, 6 months ago

Applications for jobless benefits in the U.S. retreat after three weeks of elevated claims

Associated Press  

Applications for unemployment benefits fell significantly last week after claims appeared to stabilize at modestly elevated levels in recent weeks. U.S. applications for jobless claims fell by 26,000 to 239,000 for the week ending June 24, the Labor Department reported Thursday. Jobless claims in the previous three weeks had pushed closer to 300,000 after mostly being in the high 100,000 …

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology
1 year, 7 months ago

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology

Live Mint  

US companies have announced startling job cuts in May this year, beating the record of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc. US-based employers announced 80,089 job cuts in May as compared to 20,712 layoffs in the same month last year--a massive 287% rise. So far this year, companies have announced plans to cut 417,000 jobs--a …

US job openings dip to 9.6 million, lowest since 2021
1 year, 8 months ago

US job openings dip to 9.6 million, lowest since 2021

Associated Press  

WASHINGTON — U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020. The number of Americans …

Layoffs revised up in January but US labour market still strong
1 year, 10 months ago

Layoffs revised up in January but US labour market still strong

Al Jazeera  

Even as layoffs rose in January and job cuts were higher than initially thought in 2022, job market remains strong with 1.9 opening per every unemployed worker. US job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight labour market conditions that likely will keep the Federal Reserve on …

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
1 year, 11 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Microsoft to cut 10,000 jobs as tech layoffs intensify
1 year, 11 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

Fewer Americans apply for jobless benefits last week
2 years, 1 month ago

Fewer Americans apply for jobless benefits last week

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits fell significantly last week, a sign that the labor market remains strong even as the Federal Reserve continues to raise interest rates in an effort to cool the economy and slow inflation. American workers have extraordinary job security at the moment, despite an economy some see in danger of tipping …

US unemployment claims fall, housing market suffers
2 years, 1 month ago

US unemployment claims fall, housing market suffers

Al Jazeera  

Widespread layoffs remain low despite a surge in technology-sector job cuts on fears of an upcoming recession. The number of Americans filing new claims for unemployment benefits fell last week, showing widespread layoffs remain low despite a surge in technology-sector job cuts that has raised fears of an imminent recession. Housing market struggles Claims rose marginally between the October and …

US job openings sink as economy slows, cost to borrow rises
2 years, 3 months ago

US job openings sink as economy slows, cost to borrow rises

Associated Press  

WASHINGTON — The number of available jobs in the U.S. plummeted in August compared with July as businesses grow less desperate for workers, a trend that could cool chronically high inflation. The report on job openings followed news that Australia’s central bank made an interest rate hike that was smaller than its previous increases, a rare sign of moderation as …

US job openings plummet amid higher rates, slower growth
2 years, 3 months ago

US job openings plummet amid higher rates, slower growth

Al Jazeera  

Layoffs in the US increased in August but still remained historically low, according to the Job Openings and Labor Turnover survey. Layoffs ticked up in August but remained at a historically low level, according to the report, known as the Job Openings and Labor Turnover survey, or JOLTS. The sharp drop in job openings will be welcomed by the Federal …

Fewer Americans file for jobless benefits again last week
2 years, 4 months ago

Fewer Americans file for jobless benefits again last week

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control. The Federal Reserve has aggressively raised interest rates in an effort to bring down inflation, which generally also slows job growth. The Fed has already raised …

Fewer Americans claim jobless benefits last week
2 years, 4 months ago

Fewer Americans claim jobless benefits last week

Associated Press  

NEW YORK — Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy. Applications for jobless aid for the week ending Aug. 20 fell by 2,000 to 243,000, the Labor Department reported Thursday. The number of Americans collecting traditional unemployment benefits fell by 19,000 …

Fewer Americans apply for jobless benefits last week
2 years, 10 months ago

Fewer Americans apply for jobless benefits last week

Associated Press  

WASHINGTON — Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy. In total, 1,476,000 Americans were collecting jobless aid the week that ended Feb. 12, a small uptick of 2,000 from the previous week’s revised number, which was its lowest level since March 14, 1970. Analysts surveyed by the financial data firm …

US unemployment claims drop to 198,000
3 years ago

US unemployment claims drop to 198,000

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits fell below 200,000, more evidence that the job market remains strong in the aftermath of last year’s coronavirus recession. The United States had a near-record 11 million job openings in October, and 4.2 million Americans quit their jobs — just off September’s record 4.4 million — because there are so …

US unemployment claims jump to 965,000 as virus takes toll
4 years ago

US unemployment claims jump to 965,000 as virus takes toll

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The number of people seeking …

751,000 seek US jobless benefits as virus hobbles economy
4 years, 2 months ago

751,000 seek US jobless benefits as virus hobbles economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The number of Americans seeking …

US layoffs remain elevated as incomes and spending weaken
4 years, 3 months ago

US layoffs remain elevated as incomes and spending weaken

Associated Press  

WASHINGTON — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. The Labor Department’s report, released Thursday, suggests that companies are still cutting a historically high number of jobs, though the weekly numbers have become less reliable as states have …

Layoffs Stuck At Historically High Level As 884,000 Seek Jobless Aid
4 years, 4 months ago

Layoffs Stuck At Historically High Level As 884,000 Seek Jobless Aid

Huff Post  

LOADING ERROR LOADING WASHINGTON — The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs remain stuck at a historically high level six months after the viral pandemic flattened the economy. The number of people who are continuing to receive state unemployment benefits rose last week to 13.4 million, evidence that employers …

UW System administration announces layoffs, other cuts
4 years, 5 months ago

UW System administration announces layoffs, other cuts

Associated Press  

MADISON, Wis. — University of Wisconsin System administration will lay off an untold number of employees over the next two years as part of $10 million in cuts that interim President Tommy Thompson announced Tuesday. Tony Evers has ordered a $250 million budget cut to all state agencies, including UW, but the actual amount the university will take is still …

US unemployment falls to 11%, but new shutdowns are underway
4 years, 6 months ago

US unemployment falls to 11%, but new shutdowns are underway

Associated Press  

WASHINGTON — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. President Donald Trump said the jobs report shows the economy is “roaring back,” though he acknowledged there are still areas where “we’re putting out the flames” of the virus. “Even as we move into the second half of …

Persistently high layoffs suggest a slow US economic rebound
4 years, 6 months ago

Persistently high layoffs suggest a slow US economic rebound

Associated Press  

WASHINGTON — Three months after the viral outbreak shut down businesses across the country, U.S. employers are still shedding jobs at a heavy rate, a trend that points to a slow and prolonged recovery from the recession. The number of laid-off workers seeking unemployment benefits barely fell last week to 1.5 million, the government said Thursday. The figures surprised and …

1.5 Million More Americans Seek Unemployment Benefits
4 years, 7 months ago

1.5 Million More Americans Seek Unemployment Benefits

Huff Post  

LOADING ERROR LOADING WASHINGTON — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening. Including those the government said were erroneously categorized as employed in the May jobs report and those who lost jobs …

Rising US job losses stir fears of lasting economic damage
4 years, 7 months ago

Rising US job losses stir fears of lasting economic damage

Associated Press  

WASHINGTON — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy. The latest job-loss figures from the U.S. Labor Department bring to 41 million the running total of Americans …

A record 10 million sought US jobless aid in past 2 weeks
4 years, 9 months ago

A record 10 million sought US jobless aid in past 2 weeks

Associated Press  

WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak. Combined with last week’s report that 3.3 million people sought unemployment aid two weeks ago, the U.S. economy has now suffered nearly 10 …

Some employers to laid-off staffers: Let’s stay in touch
4 years, 9 months ago

Some employers to laid-off staffers: Let’s stay in touch

Associated Press  

As millions of job cuts tear through the U.S. economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they’re letting go so they can more quickly rehire them once the viral outbreak has passed. “Anyone who’s trying to lay off workers is already thinking about how they can bring them back,” …

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