The pandemic’s resurgence, coupled with dire warnings about a likely second wave, now seems to be halting in its tracks the economy’s very strong bounce from its second-quarter collapse.

Uh-oh. Those of us who remember when ’80s music was new had better start bracing ourselves for those big-box-store greeter jobs earlier than we expected. It doesn’t take a genius to see that the jobs market is probably heading for a massive, rolling shakeout. And that means plenty of employers may be using the cover of COVID-19 to get rid of lots of expensive older workers.

Black and Hispanic households in greatest danger as evictions loom. Days from the end of enhanced unemployment benefits and a federal eviction moratorium, 24 million Americans say they have little to no chance of being able to pay next month’s rent, a U.S. Census Bureau survey shows.

"The cliff is totally visible in front of us": The future is grim if Congress doesn’t act on the economy. The country is ambling toward a cliff, putting millions of Americans’ lives and livelihoods in danger and all but ensuring prolonged economic distress nationwide. It didn’t have to be this way. Yet here we are, unable to shake out of it.

Uber on Thursday said it would let drivers across the state of California set their own rates as a function of the company’s price “multiplier” — used in Uber’s so-called “surge” pricing. The move builds on a pricing experiment that began in January in Sacramento, Santa Barbara and Palm Springs. Previously, drivers had no ability to set their own rates, which was one of the primary critiques of proponents of AB5, the state law that took effect at the beginning of the year.

A proposal floated by the White House and some Republicans that would tie unemployment payouts to roughly 70% of a worker’s previous wage in a next coronavirus stimulus bill could delay jobless benefits by up to 20 weeks, a new memo reported by NPR shows, leaving around 25 million Americans relying on the payments with a drastic pay cut for a lengthy period of time.

The world is facing a staggering jobs challenge with a quarter of a billion people set to lose their job this year, the president of Microsoft has said. Brad Smith says millions will need to learn new skills to get jobs, or even to hang on to their old one, as the digitisation of economies races ahead.

It’s a nice, rosy notion, but one that would strike anyone most workers as wishful—maybe the job losses incurred because of the coronavirus shutdown were largely temporary, and will come roaring back as soon as the economy ‘reopens.’ The reality is a lot more harsh. As weekly jobless claims skyrocket past 30 million in just a matter of weeks, a new study from the Becker-Friedman Institute at the University of Chicago offers a sobering assessment of the extent of permanent damage to the job market.

Weekly jobless claims stayed above 1 million for the 13th consecutive week as the coronavirus pandemic continued to hammer the U.S. economy. First-time claims totaled 1.5 million last week, higher than the 1.3 million that economists surveyed by Dow Jones had been expecting. The government report’s total was 58,000 lower than the previous week’s 1.566 million, which was revised up by 24,000.

From airlines to paper mills, the job news is grim, and there are growing signs it won't be getting better anytime soon. On Thursday, the Labor Department reported nearly 2.4 million new applications for state and federal unemployment benefits last week.

Four months into the COVID-19 pandemic, an additional 1.3 million Americans filed for unemployment benefits last week, according to U.S. Department of Labor data released Thursday. That's down 10,000 from the previous week but still significantly higher than pre-pandemic figures. Continued claims of workers who filed claims at least two weeks in a row were at 17.3 million for the week ending July 4. Continued claims lag a week behind the new weekly claims report.

Doteveryone thinktank says workers suffer from financial insecurity and loss of dignity

The torrent of Americans filing for unemployment insurance skyrocketed last week as more than 6.6 million new claims were filed, the Labor Department reported Thursday. That brings to 10 million the total Americans who filed over the past two weeks. Economists surveyed by Dow Jones had expected 3.1 million for last week, one week after 3.3 million filings in the first wave of what has been a record-shattering swelling of the jobless ranks. The previous week’s total was revised higher by 24,000.

Barry O’Donovan opened his Irish pub across from a railroad station used by Wall Street commuters just five days before Lehman failed. His business survived the Great Recession. Then in August, 2011, Hurricane Irene swept the nearby Rahway River straight through his Cranford, N.J. restaurant. Again, his Kilkenny House survived, thanks in part to a $200,000 Small Business Administration Loan. He continues to pay it off.

Unemployment rolls continued to swell in the U.S. last week, though jobless claims hit their lowest level since the economy went into lockdown made to battle the coronavirus pandemic.

No end is in sight for coronavirus-related job losses. The pandemic has ravaged the US labor market, and 1 in 5 American workers have now filed for first-time unemployment benefits since mid-March, when lockdown measures took effect across the country.

The Bureau of Labor Statistics April Jobs Day report provides new data on the speed with which the coronavirus recession is impacting the labor market.

The state is reconsidering its policy after a hacker released a script that automatically submits junk data to its 'COVID-19 fraud' website, which allows employers to report workers who refuse to work during the pandemic.

Another 3.84 million Americans filed for unemployment benefits last week. The report comes on the heels of worse-than-expected GDP data for the first quarter. Allianz Chief Economic Adviser Mohamed El-Erian joins Yahoo Finance’s On The Move panel to weigh in on why he says there is more pain to come and how the U.S. can avoid the mistakes of the last recession.

Nearly 7.7 million American workers younger than 30 are now unemployed and three million dropped out of the labor force in the past month. Combined that’s nearly one in three young workers, by far the highest rate since the country started tracking unemployment by age in 1948. Nearly 40 percent worked in the devastated retail and food service sectors.