US Unemployment Benefits: 1.5 Million Filed Claims Last Week

Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.

Initial jobless claims for regular state programs totaled 1.54 million in the week ended June 6, down from 1.9 million in the prior week, Labor Department figures showed Thursday. Applications for unemployment insurance have fallen consistently each week since peaking at the end of March, but the volume of weekly filings is still more than double the worst week during the Great Recession.

Source: US Unemployment Benefits: 1.5 Million Filed Claims Last Week – Bloomberg


The article was originally published here!

Comments

Post a Comment

Popular posts from this blog

BREAKING: Senate Democrats Threaten to Subpoena Barr, Sessions

Image
Senate Democratic leaders on Friday demanded that former attorneys general in the Trump administration testify over secret subpoenas of two House Democrats. Senate Majority Leader Charles E. Schumer (D-N.Y.) and Judiciary Committee Chairman Richard J. Durbin (D-Ill.) called the secret subpoenas “a gross abuse of power and an assault on the separation of powers.” They said that if former Trump Attorneys General William P. Barr and Jeff Sessions do not voluntarily testify, they will be subpoenaed to appear before Durbin’s committee. The statement from Schumer and Durbin is in response to reports Thursday night that the Justice Department in 2018 secretly subpoenaed Apple for the data of two Democrats on the House Intelligence Committee, Rep. Adam B. Schiff (Calif.) and Rep. Eric Swalwell (Calif.), as well as the data of their current and former staffers and family members. Source: Senate Democrats threaten to subpoena Barr, Sessions for testimony over Justice Dept.’s secret pursuit o...
Read more

Today’s Top Stories: May 18, 2020

Image
Today’s Top Stories is brought to you by My Daily Grind News . The Lede Fired State Dept. watchdog was probing whether Pompeo made staffer walk dog, pick up laundry Editorial : In the Trump administration’s latest episode of “We say ‘drain the swamp,’ but we really mean ‘fill it with swampier people,'” it’s been suggested that the firing of Steve Linick, former State Department Inspector General, was politically motivated. The shock! You see, Linick had been investigating reports of Pompeo staff members running personal errands for the Secretary of State. Things such as picking up dry cleaning and walking the dog. What good is a cushy federal government job if you can’t have people feed you grapes while bathing you? Coronavirus (COVID-19) Worldwide: 4,737,299 confirmed infections 315,622 confirmed deaths US stats: 1,486,742 confirmed infections 89,564 confirmed deaths Source ...
Read more

Today’s Top Stories: March 27, 2020

Image
Coronavirus update: 558,552 infected, up from 495,086 yesterday. 25,251 deaths, up from 22,993 yesterday. New York is hardest hit, with Florida poised to claim largest death count (due to a large percentage of seniors who have retired there). Relevant COVID-19 stories: Live updates: British Prime Minister Boris Johnson tests positive for coronavirus; the U.S. now leads the world in confirmed cases Terrifying cellphone ‘heat map’ shows just how much people are still traveling Economy Update: DJIA is down nearly 900 points today, passing back down to the 21,000 range. The markets are awaiting a slew of really bad news. Relevant Economy stories: U.S. markets sharply turn after three straight days of gains America’s mortgage market sickens Politics: Senators voted 96-0 on the $2 Trillion federal fiscal stimulus package. The House votes Friday. Trump is expected to pass it. Teen Who Died of Covid-19 Was Denied Treatment...
Read more