Business • Economy
1 in 4 U.S. workers now unemployed
The Frances Perkins Building of the U.S. Department of Labor headquarters in Washington, D.C.
The Frances Perkins Building of the U.S. Department of Labor headquarters in Washington, D.C. Credit: Ed Brown / Public domain

With another 2.1 million unemployment claims filed in the last week, the total number of jobless claims in the U.S. has passed 40 million. Though these numbers may not indicate only new layoffs as, according to chief economist at the accounting firm Grant Thornton Diane Swonk, states have been working through a backlog of claims.

Politics • American • US
Layoffs in US hit nearly 39 million since Covid-19 pandemic started

US Labor Department announced that jobless claims for the week that ended on May 15 totalled 2.4 million, bringing the total to nearly 39 million since March.

Transportation • Air Transportation & Traffic, Flying
Ryanair announces job cuts and other cost-cutting measures
Ryanair airplane at Bratislava Airport
Ryanair airplane at Bratislava Airport Credit: unsplash.com/Anastasia Dulgier

The Irish budget airline Ryanair is in negotiations with its trade unions and employees about a series of cost-cutting measures. With the Covid-19 pandemic reducing passengers by more than 5 million and a presumed €200 million first quarter loss, the airline plans to cut around 3,000 jobs and is working out unpaid leave and pay cuts with its employees.

Business • Economy
New Zealand’s Finance Minister Announces Plan to Reduce Unemployment Numbers
NZ Finance Minister Grant Robertson in Wellington, New Zealand
NZ Finance Minister Grant Robertson in Wellington, New Zealand Credit: David Tong / CC BY-SA (Creative Commons Attribution ShareAlike 4.0)

Grant Robertson, New Zealand’s finance minister, announced a NZ$50 billion dollar plan to reduce unemployment numbers and save around 140,000 jobs within a two-year period. Robertson called the fund “the most significant financial commitment in modern history”. Of the budget, $3 billion are planned for government’s wage subsidy, $1.6 billion for apprenticeships training and trades, $3 billion for infrastructure including job creation and $400 million for supporting the tourism industry.

Business • Economy
Air Canada to Lay off Half of its Workers

After grounding more than 200 planes and slashing 95% of its flight capacity due to the decrease in demand as a result of the COVID-19 outbreak, the Canadian flag carrier is about to fire roughly 20,000 of its 39,000 employees. The layoffs, which will take place on the 7th of June, will affect a minimum of 19,000 staff and could go as high as 22,800.

Business • Economy
3 million more unemployment claims filed last week in the US

The Labor Department reported another three million filed for unemployment last week. So far, over 36 million jobless claims have been filed since March.

Politics • American • Canada
Canada unemployment rate hits 13% due to Covid-19 pandemic

The unemployment rate in Canada hits 13% due to the coronavirus lockdown, after three million jobs were cut in the last two monts. Only during the 1982 recession, there was a higher rate (13.1%).
"These numbers tell us what we already know: Canadians are hurting because of this pandemic. Everyone has their own story. But it all boils down to a very difficult time for a lot of people," Prime Minister Justin Trudeau told a daily briefing.

Politics • American • US
US unemployment rate jumps to 14.7%, highest rate since The Great Depression
Empty Subway Station during the NYC Covid-19 Quarantine.
Empty Subway Station during the NYC Covid-19 Quarantine. Credit: Alec Favale (Creative Commons Attribution ShareAlike 4.0)

The U.S. Bureau of Labor Statistics reported the unemployment rate reached 14.7% after more 20.5 million workers lost their jobs in April. This rate is the highest since The Great Depression.
Before the Covid-19 pandemic, in February, the unemployment rate was at 3.5%

Business • Economy
3.2 million more filed for unemployment in the US last week

With 3.2 million more people filing for unemployment in the US last week, the total number of claims as a result of the coronavirus crisis has risen to 33.5 million since March. These numbers do not include people who aren't legible for unemployment benefits and Elise Gould, senior economist at the Economic Policy Institute, believes the real unemployment rate to be higher than what is reported.

Business • Economy
Deliveroo cuts over 350 employees, blaming Covid-19 crisis
Deliveroo cuts over 350 employees, blaming Covid-19 crisis
Credit: unsplash.com/@rosssneddon

Deliveroo, an online food delivery company, has confirmed the layoff of 367 employees, approx. 15% of its global headcount. A Deliveroo spokesman said that the global health crisis had impacted their business and that they had to reduce long-term costs.

Business • Economy
US reports 30 million filings for unemployment since March

The Labor Department reported that another 3.8 million filed for unemployment benefits in the US last week. So far over 30 million people have lost their job due to repercussions of the Covid-19 pandemic, but these numbers might not be correct a study finds. The Economic Policy Institute reports that about 50 percent more people might be out of work but didn't apply for benefits.

Lifestyle • Food
Vietnam sets up machines that distribute free rice to people out of work during pandemic

Businessmen and donors have set up machines in several different cities across Vietnam, that dispense rice for free to people that are out of jobs and have no income. The waiting lines require people to keep up physical distancing and people are required to sterilize their hands before receiving their rice.

Business • Economy
Rising unemployment numbers in the US: 6.65 million new filings in past week

The federal labor department has announced that the unemployment numbers in the United States have continued rising. With more than 6.65 million people filing for unemployment benefits in the United States in the last week, adding to the around 3.3 million in the week before, the United States have an unprecedented rise in people filing for unemployment benefits.

Business • Economy
3.3 million filed for unemployment in the US last week

According to the Labor Department, more than 3.3 million workers filed for unemployment and applied for benefits in the last week, showing the first impact the Covid-19 pandemic has on the economy. These figures do not include some part-time, gig and low-wage workers nor independent contractors and the self-employed as they don’t qualify for unemployment benefits. In comparison, 200,000 people filed for unemployment three weeks ago.

Business • Economy
138,000 people filed for unemployment in Austria since March 16th

The unemployment figure has been rising since Austria ordered a nationwide lockdown on Monday, March 16th. As of today, 138,000 people filed for unemployment – affected industries include the catering and accommodation sector (47,000), construction (17,000) and other economic services such as trade, maintenance and repair (13,000). Sectors with strong fluctuations in employment are particularly affected.