Coronavirus unemployment: Record 878,727 Californians seek benefits in a week
The battle against coronavirus continues to take a toll on workers across the state with a record-high 878,727 Californians filing for jobless benefits in the week ended March 28. U.S. Department of...
View ArticleU.S. sheds 701,000 jobs, ending a record hiring streak amid coronavirus downturn
By CHRISTOPHER RUGABER WASHINGTON — A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that’s all but...
View ArticleBubble Watch: California home prices can’t dodge coronavirus job cuts
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: A mind-numbing 1.5 million Californians have filed for unemployment benefits since mid-March as...
View ArticleCoronavirus: Southern California homebuying plummets 30% to 6-year low
Coronavirus fallout has slashed Southern California house hunting to the lowest level in six-plus years, according to one real estate tracker. It’s been a wild few weeks for California housing amid a...
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Status Update: Irvine Cottages, 12 homes and 72 beds, donated to Alzheimer’s...
Alzheimer’s Orange County has been gifted a collection of cottages that will expand the nonprofit’s ability to help those suffering from the disease. Dr. Jacqueline DuPont, a gerontologist, has donated...
View ArticleTreasury seeks $200 billion more for small business coronavirus aid
By Laura Litvan, Steven T. Dennis and Saleha Mohsin, Bloomberg The Treasury Department will ask Congress for $200 billion more to aid small businesses, according to a person familiar with the matter,...
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Coronavirus biz news: TJ Maxx furloughing 286,000; security firm hiring 1,000
The battle to thwart the spread of coronavirus has throttled many businesses and changed operations in many industries. Here’s a summary of the latest news around Southern California… Employee...
View ArticleCoronavirus: California scrambles to issue extra $600 jobless payments
More than 2 million Californians have recently filed for jobless benefits, Gov. Gavin Newsom said Tuesday, and state officials are scrambling to get newly out-of-work residents the larger unemployment...
View ArticleCoronavirus: California jobless claims hint unemployment nearing 15%
It looks like the battle against coronavirus has put 1-in-7 Californians out of work. A new federal count of initial unemployment claims shows 925,450 Californians seeking benefits in the week ended...
View ArticleCoronavirus: $600 in extra jobless benefits start Sunday in California, Gov....
California workers who have lost their jobs amid coronavirus-linked shutdowns will receive $600 in extra unemployment benefits starting on Sunday, Gov. Gavin Newsom announced Thursday. “The state will...
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Coronavirus is real estate’s ‘induced coma,’ says Irvine’s Great Park developer
Like many folks in the Southern California housing industry, the prime selling season looked promising to Emile Haddad. As February turned to March, the CEO of Five Point Holdings saw sales contracts...
View ArticleCalFLEXI connects essential workers to childcare amid coronavirus shutdown
The coronavirus pandemic has created a host of challenges for workers in Southern California, and one of the biggest is childcare. With most businesses closed, including daycares, the issue is...
View ArticleCoronavirus: 42% of Orange County jobs in industries at high-risk of layoffs
A new study estimates 42% of Orange County workers are in industries at high-risk of job loss. Researchers from the Economic Roundtable looked at statewide employment data and compared it with a...
View ArticleExtra $600 in unemployment payments tops $330 million in California
Day one of state unemployment payments that included an extra $600 a week to cover job losses spawned by the coronavirus was accompanied by a head-spinning price tag: $336 million in payouts. Starting...
View ArticleSecurity firms hiring additional workers in Southern California
The COVID-19 pandemic has prompted security firms to hire extra personnel to guard facilities related to everything from healthcare and government, to finance and technology — not to mention private...
View ArticleCoronavirus biz news: Amazon fires 3 workplace critics; small business loans...
The battle to thwart the spread of coronavirus has throttled many businesses and changed operations in many industries. Here’s a summary of the latest news around Southern California… Amazon.com is...
View ArticleCoronavirus: Extra $600 unemployment payments will be retroactive
Unemployment pay containing an extra $600 a week in benefits is being sent to a very broad group of jobless workers in California — and the extra payments will be retroactive, Gov. Gavin Newsom said...
View ArticleRecord 22 million have sought U.S. jobless aid since coronavirus outbreak
By CHRISTOPHER RUGABER WASHINGTON — The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week, the...
View ArticleCoronavirus: California jobless claims slow, still 16 times normal pace
The pace of Californians filing for unemployment benefits cooled last week. But that’s about the only good news from the weekly tally of initial jobless claims. In the week ended April 11, 660,966...
View ArticleU.S. job losses mount as Trump presses plan to reopen business
By CHRISTOPHER RUGABER and LORI HINNANT WASHINGTON — The ranks of America’s unemployed swelled toward Great Depression-era levels Thursday, and President Donald Trump reacted to the pressure on the...
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