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Coronavirus crisis continues to batter the U.S. labor market, with millions more Americans expected to have filed for unemployment benefits. (AP Photo)

US weekly jobless benefits to stay elevated as coronavirus layoffs...

The economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression of...

14 May 2020 10:08 AM IST

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 Ohios stay-at-home orders depressed the economy and led to widespread layoffs. (AP Photo/Tony Dejak)

US unemployment rate seen near 20% in May as layoffs remain high

Consumer confidence, manufacturing and services industries are also stabilizing, though at low levels, hopeful signs...

5 Jun 2020 12:03 PM IST

US job losses in May could raise 3-month total to 30 million. (AP Photo)

US job losses in May could raise 3-month total to 30 million

Since mid-March, more than 40 million Americans have applied for unemployment benefits

4 Jun 2020 10:10 AM IST