COVID-19 swells city, county jobless ranks
Memphis, Shelby County and the metro area in July recorded their highest unemployment rates since the COVID-19 pandemic began.
There are 11 article(s) tagged coronavirus unemployment:
Memphis, Shelby County and the metro area in July recorded their highest unemployment rates since the COVID-19 pandemic began.
University of Memphis economist John Gnuschke said it will take years, not months, for Memphis to recover from devastating job losses caused by COVID-19.
American Paper Optics – best known for its solar eclipse and special effects glasses – is now making and marketing face shields as an added layer of protection, especially for students.
Tennessee data showed 53,703 Shelby County residents and 256,645 Tennesseans were receiving unemployment benefits in the week ending July 4.
University of Memphis economist warns that ending $600-a-week federal jobless payment would endanger a fragile economic recovery and dampen wages and wage increases for workers.
Nearly one in four Memphis area workers filed for unemployment benefits at some point since March 15, data shows. As businesses reopened double-digit unemployment rates continued in May.
Tennessee gained nearly 94,000 nonfarm jobs in May, but total jobs were down nearly 266,000 from a year earlier, reflecting COVID-19's devastation of hospitality, manufacturing and services sectors.
New jobless claims continued to trickle in amid a phased reopening of the Memphis economy after devastating losses caused by the COVID-19 pandemic.
Church Health chief executive Dr. Scott Morris: "Do you now somebody who has lost their job, who has lost their health insurance?... This might be a time to consider making a donation to Church Health."
COVID-19 pushed the April unemployment rates in Memphis and Shelby County to 14.3% and 12.9%, respectively, but those rates remained below the statewide and national averages of 14.7%.
The number of jobless claims from Memphis and adjoining counties was flat, above 8,200 for the straight second week, as claims statewide and nationally continued to fall.
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