The unemployment rate will drop below 5% in 2021
America has seen one of the worst spells in terms of employment. Millions of people lost their jobs as the country was under restrictions given the virus. However, U.S. Labor Secretary Eugene Scalia believes the unemployment rate will drop below 5% in 2021. It won't be an easy task for sure but ''i ...
12 million Americans could lose crucial unemployment benefits
Things have not been great for the people of America. Millions have been affected by the virus, hundreds of thousands have lost their lives, and millions of other people have been out of jobs. It has also affected businesses of all sizes. Things could go further south for the unemployed as unemploy ...
751,000 claim unemployment benefits
The number of Americans seeking unemployment benefits has gone down marginally the last week to 751,000. However, these numbers are still historically high and a lot of employers are still cutting jobs in the face of rising cases. The surge in cases and lack of benefits and packages to aid and help ...
Unemployment claims fall
For the first time in months, the weekly jobless claims in the US have fallen below the 1 million mark. This has been a first since March, the Wall Street estimate said that the number should be around 1.1 million, and the claims were 963,000 in the first week of August, indicating some recovery. G ...
Unemployment claims are on the rise again
An unexpected rise in the number of people filing for unemployment aid in the US increased last week for the first time in four months, which indicates that any progress reported is being undone by a resurgence of new COVID-19 cases and a depressed demand. Read about the details here. ...
Another 1.4M workers file for unemployment
As the US struggles to keep the coronavirus in check, a resurgence in the virus seems to have caused another round of layoffs which has resulted in another 1.4 million workers seeking unemployment aid. Read about the details here. ...
Unemployment claims still on the rise
The level of layoffs may have eased, but the number of people filing for unemployment claims have shown no signs of stopping. This means that people are still unemployed in huge numbers. Read the whole article here. ...
Pace of US layoffs slows down
As the unemployment claims rose by 1.5 million in the second week of June, the pandemic continues to shatter the economy as the rate of layoffs and furloughs has been historically high. The data for the month of May is now under examination, as the numbers were not adjusted properly, and the data i ...
People receiving unemployment aid decreases below 20 million
A good sign of slow recovery for the uS economy and job market as the weekly unemployment claims totalled 1.48 million last week, which was worse than the 1.35 million expectation set by Wall Street. The continuing claims dropped by 767,000 to 19.52 million. California was the state with the highes ...
1.5 million seek unemployment last week
Even as businesses continue to open up, there still appears to be a problem in terms of unemployment. According to the Labor Department, over 1.5 million Americans filed new state unemployment claims last week — the lowest number since the crisis began, but far above normal levels. What's more, is ...
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