Last week’s unemployment claims went up by 181,000 to 965,000, which is another sign the economy is having a tough time with COVID-19 spikes.
This is the biggest jump since August.
Last week’s unemployment claims went up by 181,000 to 965,000, which is another sign the economy is having a tough time with COVID-19 spikes.
This is the biggest jump since August.
Jeff Buckler, the owner of Lil Buford’s Bar & Grill in Champaign County in Illinois, slammed the $600 COVID-19 relief checks and restrictions that have kept businesses closed in his state.
Buckler has defied the lockdown to keep his employees working so they can pay their bills.
Congress will vote Monday night on a COVID-19 relief bill worth $900 billion along with a $1.4 trillion spending bill to cover the remainder of the 2021 Fiscal Year.
The Democrats wanted a $2.2 trillion COVID-19 relief bill before the election, but Republicans offered $900 billion. The left only agreed to that...
Yikes. This is not good.
November usually kicks off the period when businesses get back in the black (hence Black Friday). But new COVID-19 lockdowns put a damper on those hopes since spending fell by 1.1% in November.
The U.S. unemployment claims last week went up by 137,000 from the previous week to 853,000.
Continuing claims, which saw a decreasing pattern, increased by 230,000 to 5.76 million.
The Democrats might have ousted President Donald Trump and kept the majority in the House, but no one can describe 2020 as a blue wave.
Instead, it might be a sign of things to come if the Democrats do not change their focus.
States and cities keep reporting new record-high COVID-19 cases, but hiring continues as unemployment claims fell last week by 75,000. Continuing claims fell by 569,000.
However, November only added 245,000 jobs.
Unemployment went down to 6.9% in October while the economy added 638,000 jobs.
Private sector employment rose over 900,000.
The September jobs report, the last one before the election, revealed the economy only added 661,000 jobs.
However, the unemployment rate sits at 7.9%. The economy has also recovered 12 million jobs since the COVID-19 outbreak in mid-March, which saw around 22 million layoffs.
Another 860,000 Americans filed unemployment claims last week, keeping the trend under 900,000 steady for a few weeks.
The number from the week before was revised up to 884,000, meaning claims dropped by 24,000.
The Labor Department reported the economy added 1.4 million jobs in August and the unemployment rate dropped to 8.4%.
This is a huge drop from July, which saw a 10.2% unemployment rate.
About 1.434 million Americans filed unemployment claims last week as states issue another shutdown due to spikes in coronavirus cases.
The GDP also crashed to a 32.9% annualized rate, which is the biggest drop on record. Overall, the GDP dropped 9.5% between the first and second quarters.
But we have to remember the...
The unemployment claims last week went up slightly to 1.416 million.
However, continuing claims decreased. That means the unemployment went down a little bit to 11.1%. You need to remember that these numbers lag behind a week.
Unemployment claims continue to tumble! The Labor Department’s report states that 1.3 million Americans filed unemployment claims last week, which is down by 10,000 from the previous week.
Continuing claims fell by 737,750 to 17.338 million.
The Labor Department’s unemployment report shows the unemployment filing numbers continue to decrease as the economy starts to pick up after the coronavirus shutdown.
1.3 million Americans filed last week, which is down by 99,000 from the previous week. The continuing claims fall to 18.06 million, which is a drop...
The U.S. economy is picking up after the coronavirus pandemic!
The June jobs report revealed the economy added 4.8 million jobs while the jobless rate fell to 11.1%