Jobs

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Another 2.1 million seek unemployment benefits. The Coronavirus Recession will stick it to millennials

The Department of Labor reported Thursday that yet another 2.1 million Americans, on a seasonally adjusted basis, applied for initial state unemployment benefits in the week that ended May 23. Counting these new applications makes for a total of 40.5 million workers who have filed for initial benefits over the past 10 weeks. Add in the millions of Americans who are receiving […]

May 29th

Data: As another 2.4 million file new unemployment benefit claims, economists project years-long impacts

The Department of Labor reported Thursday that 2.38 million workers filed new claims for unemployment benefits in the week ending May 16. That brings the total count for the past nine weeks to a seasonally adjusted 38.3 million. Add to this the unprecedented 4.8 million that the government defines as having left the labor force in the past two months—but who say they want a job. […]

May 21st

As we move away from oil and coal, ensuring a fair transition for US fossil fuel workers

Long before the coronavirus (COVID-19) hit and oil prices collapsed, the U.S. fossil fuel industry and its workers were vulnerable. Threats included increasing cost-competitiveness of renewable energy compared to fossil fuels, investor concerns about financial risks and stranded assets, and a changing policy landscape (at state and local levels at least) seeking to meet decarbonization […]

Eight-week Coronavirus unemployment total: 36.5 million (and that’s just those who can apply for benefits)

As expected, the Department of Labor Thursday announced another tsunami of new claims for unemployment insurance benefits, a seasonally adjusted 2.98 million of them in the week ending May 9. That is slightly less than the previous week’s tally. But since coronavirus-related layoffs began in the second week of March, 36.5 million people have made new benefit claims. By […]

May 14th

Renewable Roundup: Big banks lining up to finance big batteries

We’ve reached a significant tipping point in how the battery storage market is financed, shifting from expensive private equity investments to ordinary bank finance. Which will be another factor leading to a terawatt of storage by 2040. By Mokurai Banks Finally Start to Spend Big on Giant Batteries Once reluctant to finance big projects, lenders […]

May 14th

Trump beats Obama – US lost twice as many jobs in April than the entire Great Recession

Each month, Automatic Data Processing Inc., which handles payrolls for about a fifth of U.S. private employment, releases its job report two days before the government’s Bureau of Labor Statistics announces its own findings for both private and public sector jobs. ADP reported Wednesday that non-farm private sector employment fell by 20,236,000 last month. That’s a horrendous number. But […]

May 7th

Coronavirus recession puts 500,000 clean energy jobs at risk

The serious toll of the Coronavirus not just on public health but on jobs is visible all around us: across our economy, shuttered shops, idled factories, cancelled events and travel, rush hours devoid of the usual traffic. While the clean energy sector’s piece of this economic crisis may be less visible to many, the impacts […]

April 30th

Community solar energy revolution brewing under the Coronavirus crisis

The US Department of Energy is doubling down on a commitment to ensure that every household and business in the US has access to renewable energy by 2025. Wait, what? That’s a rather bold move, considering President* Trump’s rather sour outlook on renewables. The secret sauce is the community solar model, and affordability — and […]

April 29th

Safer, more-sustainable transportation in a post- Coronavirus world

The COVID-19 crisis has shown that effective public transport is vital to keeping cities running. By serving essential workers in health care, emergency services, food services, and other sectors, public transport has become a service not just for some people but for all urban residents. By Ben Welle and Sergio Avelleda  World Resources Institute But coronavirus pandemic […]

April 28th

Millions of new claims for unemployment benefits push the jobless rate to 20%

To nobody’s surprise, the Department of Labor reported Thursday that another 4.4 million Americans filed new claims for unemployment benefits in the week that ended April 18. That brings the seasonally adjusted new claims for the past five weeks to 26.3 million. That’s one out of six American workers. Add in the 5.8 million people who were already out of work when the massive […]

April 23rd

Want to help the US economy? Rethink the Trillion Trees Act.

As the spread of COVID-19 sickens thousands of Americans and pushes the U.S. economy into recession, Congress is working around the clock to provide resources to healthcare workers and relief to workers and industries facing economic hardship. That remains our collective first priority. Once the worst of this public health crisis has passed though, the […]

April 8th