Canada added 378,000 mostly full-time jobs in September as COVID-19 case spike

Christel Deskins

Canada’s COVID-19 ravaged economy created 378,000 jobs in September, even as COVID-19 cases surged. The bulk of them, 334,000, were full-time positions, according to Statistics Canada. “The surprising advance was also heavily tilted toward the hard-hit services sector (+303K), particularly accommodation and food services, education, and information, culture and recreation, […]

US Unemployment Rate Falls To 7.9% In September: Govt

Christel Deskins

The United States added a less-than-expected 661,000 jobs in September but the unemployment rate fell to 7.9 percent, the Labor Department said Friday, underscoring the economy’s tortured recovery from Covid-19. The positions gained last month were less than half of the upwardly revised nearly 1.5 million positions added in August, […]

September Jobs Report Shows Slowdown in Recovery

Christel Deskins

Here’s what you need to know: Latest change Data delayed at least 15 minutes Investors were rattled Friday by the news that President Trump and the first lady had tested positive for the coronavirus. The development, throwing the nation’s leadership into uncertainty, comes 32 days before an election that already […]

U.S. planned job cuts increase in September: report

Christel Deskins

WASHINGTON (Reuters) – U.S. employers announced another 118,804 job cuts in September, with bars, restaurants, hotels and amusement parks leading the pack amid sluggish demand several months after the COVID-19 pandemic struck the nation. The layoffs reported by global outplacement firm Challenger, Gray & Christmas on Thursday were up 2.6% […]