Some of Britain's biggest retailers have warned the chancellor that last month's budget will stoke inflation in the economy and spark job losses as tax hikes add nearly £2.5bn to the industry's annual tax bill.

Updated at 8:47 a.m. ET The coronavirus pandemic has pushed unemployment to its highest level since the Great Depression, but the pace of layoffs has been easing. And there are now some signs that the job market could slowly start to recover. The Labor Department says another 1.87 million people filed claims for unemployment insurance last week. That's down 249,000 from the previous week. While still very high by historical standards, the number has been declining steadily from a peak of 6.8 million the week ending March 28. In the past 11 weeks, 42.6 million new claims have been filed. Continued claims for unemployment went up 649,000, to 21.5 million, in the week ending May 23, the latest week for which data was available, after dropping the prior week. While some workers continue to get pink slips, others have started going back to work. The payroll processor ADP reported Wednesday that private-sector employers cut just under 2.8 million jobs between April and May. That's a much

The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by coast-to-coast shutdowns of factories, stores, offices and other businesses

Labor Department reported the USunemployment rate rose to 14.7 percentlast month, up from 3.5 percentin February

Ahmad al-Mostafa can't afford milk for his baby daughter. A Syrian refugee, he has barely been able to feed his family since Lebanon sank into economic crisis last year. But now, a coronavirus lockdown has made things even worse.

White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20% this month

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

DOZENS of staff have been made redundant after home furnishing store Remnant Kings went into administration.

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Very briefly, at the end of 2019 and the start of 2020, there were slightly more women on American nonfarm payrolls than men. That's no longer true. The historically disastrous April jobs report shows that the brunt of job losses fell on women. Women now account for around just under half — 49% — of American workers, and they accounted for 55% of the increase in job losses last month. One way of looking at why that matters that is to look at the gap that opened up between women's and men's unemployment last month. The below chart shows women's unemployment rate minus men's unemployment rate since 2007. Usually, the line bumps around near or just below zero — meaning men's unemployment is usually near or slightly higher than women's. But that spike on the far right shows how women's unemployment leapt to be 2.7 points higher than men's in April. Women had an unemployment rate of 16.2% to men's 13.5% last month. That's uncommon for a recession. The below chart is a longer view, and the

Before the coronavirus crisis, there were briefly more women on American payrolls than men. That's no longer true. Women accounted for 55% of the increase in job losses last month.

Stocks are likely to move higher at the start of trading on Friday, extending the strong upward move seen in the previous session. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 277 points.

After moving significantly higher early in the session, stocks saw some further upside over the course of the trading day on Friday. The major averages added to the gains posted in the previous session, with the tech-heavy Nasdaq reaching its best closing level in well over two months.

As the Cobar Endeavor Mine comes to the end of its lead and zinc reserves, CBH Resources announces it is cutting 130 jobs from the drought-stricken outback town.

More workers should be facilitated to work from home in order to improve their chances of retaining their jobs, according to the Economic and Social Research Institute.

Before the coronavirus crisis, there were briefly more women on American payrolls than men. That's no longer true. Women accounted for 55% of the increase in job losses last month.

State-owned Qatar Airways plans significant staff cutbacks as it deals with the coronavirus downturn.

All the latest Covid-19 updates from around the world.

The United States' bellwether stock index, the Dow Jones Industrial Average, climbed another 455 points Friday, posting its first weekly gain in three weeks.

The rand strengthened against the greenback as it peaked at a session high of R18.30 before it was recorded trading 1.41% firmer at R18.32/$ at 17.00

SEOUL, South Korea (AP) — South Korea on Saturday reported 18 new coronavirus cases after a spate of infections prompted authorities to urge bars and nightclubs to close, while U.S. job losses surged and China prepared to reopen more schools. The United States, Brazil and Italy wrestled with how to ease curbs on business and public activity. Others imposed new restrictions: Kuwait in the Middle East announced a nationwide lockdown from Sunday through May 30. Worldwide, the virus has infected at least 3.9 million people and killed more than 270,000, according to a tally by Johns Hopkins University based on data reported by governments. A decline in new infections in South Korea and some other...

It took just one month for the labour market in the world’s largest economy to capsize. It will take longer for the damage to be fully realised.In the harshest downturn for American workers in history, employers cut an unprecedented 20.5 million jobs in April, tripling the unemployment rate to 14.7 per cent, the highest since the Great Depression era of the 1930s. And it’s only set to worsen in May, as cuts spread further into white-collar work.“It’s devastating,” said Ryan Sweet, head of…

Rising job losses and persistent xenophobia over the origins of the coronavirus are leading to growing resentment against Chinese migrant workers in Indonesia. Last week, legislators in Southwest Sulawesi province rejected the planned arrival of about 500 workers hired by the Chinese-backed PT Virtue Dragon Nickel Industry and PT Obsidian Stainless Steel despite permits being issued by the central government in Jakarta. The provincial governor Ali Mazi told state news agency Antara he…

In the United States, 20.5 million jobs were wiped out in April -- the most ever reported .

The United States recorded Friday its steepest job losses in history over the coronavirus pandemic as Europe moved to keep its borders shut for another month.

The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has more.

Stocks on Wall Street jumped Friday despite historic job losses suffered by the economy. Fred Katayama reports.

Stocks on Wall Street jumped Friday despite historic job losses suffered by the economy. Fred Katayama reports.

The latest figures from the Labor Department released on Friday showed the U.S. economy losing 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression. Colette Luke has more.

The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green light for its factories to restart after a seven-week lockdown.

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.

The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human tragedy wrought by the novel coronavirus pandemic.

Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.

Actor Kevin Spacey has broken his silence over sex assault allegations, comparing being shunned by the film industry to those who are out of work as a result of the coronavirus crisis. The 60-year-old American Beauty star has not appeared in a professional movie or series since accusations of abuse were made by several men. "I don't think it will come as a surprise for anyone to say that my world completely changed in the fall of 2017,” he said in comments made during an interview for the German business conference Bits & Pretzels podcast. “My job, many of my relationships, my standing in my own industry were all gone in just a matter of hours.” The former House of Cards lead, who was dropped by the show after allegations surfaced, has largely kept a low profile since the allegations were made. He was also removed from the film All the Money in the World, which had to be reshot with actor Christopher Plummer. Spacey has always denied the claims, several of which date back several decades. “While we may have found ourselves in similar situations, albeit for very different reasons and circumstances, I still believe that some of the emotional struggles are very much the same," he said. “And so I do have empathy for what it feels like to suddenly be told that you can't go back to work or that you might lose your job and that it's a situation that you have absolutely no control over.” At the end of the podcast interview, Spacey added: “I was so busy defining myself by what I did or what I was trying to do, that when it all stopped I had no idea what to do next. All I knew how to do was act, I was born to do it. “I don’t want to sugarcoat this devastating time that we’re in, I am hoping that I can encourage you to see an opportunity in all of this and turn this into a positive.”

Compared to the Great Recession, fewer male and blue-collar workers have lost jobs, while women, Latinos, African Americans and young workers have been hit hardest.

Coronavirus unemployment hits a broad swath of industries across California.

Australia's troubled second airline, which saw its cash flow collapse because of tough coronavirus travel restrictions, appoints accounting firm Deloitte to act as administrator after the Federal Government rejected calls to bail it out.

The COVID-19 pandemic resulted in a 5.5 per cent slump in jobs in the first week after extensive business shutdowns and social-distancing limits were introduced to contain the virus, new ABS figures show.

New data shows how hard the impact of the coronavirus has been on women's jobs as a leading economist worries about the long-term impact for women in the workforce.

Rent is traditionally due on the first of the month, and with each passing month more tenants are becoming late on their payments.

The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official government data suggests.

Gregory Daco of Oxford Economics says he expects the U.S. unemployment rate to go up to 17% in April, reflecting a loss in income that will weigh on consumer spending and subsequent economic recovery.

A conversation about the latest market-moving news, including the upcoming jobs report.

Chris Payne of Peninsula Real Estate Management says the real problem in the GCC is not unemployment, but population shrinkage, as expats will be the first to be furloughed in an economic downturn.

Stocks rose even after the ugliest monthly jobs report ever as investors bet the worst of the coronavirus and its economic impact has passed.