Jobless claims fall to a 3-week low of 803,000
After a rise for a few weeks, the jobless claims fall to a 3-week low of 803,000, falling by 89,000. However, there has been a rise in layoffs due to coronavirus. With so much happening around the stimulus and the fresh wave of new cases, it has become quite difficult to predict what to expect in t ...
Michigan jobless rate rises for the first time since April
Michigan hadn't been doing badly since the initial drop in employment in April with the restrictions imposed globally to keep the spread of the virus in check. However, Michigan's seasonal unemployment rate rose to 6.9% in November. The employment in Michigan decreased by 14,000 and the number of u ...
Millions of Americans will lose their unemployment benefits
The year has been one of the worst of years we've seen in the last couple of decades. Millions of people have been infected by the virus, millions have been left jobless, and businesses of all sizes have suffered huge losses. Things looked a bit stable, as we started seeing the numbers move in the ...
Jobless-aid claims increase to 742,000
After the steady decline in jobless claims for a few weeks, the applications for unemployment aid rose to 742,000. It could be due to the rise in COVID cases. The worsening pandemic and the arrival of cold weather could accelerate layoffs in the weeks ahead. Of the roughly 20 million Americans now ...
US jobless claim edge lower but remain at historic high
The number of people with jobless claims might have reduced, but the numbers remain at a historic high. As of the week ending 10th October, 8.4 million people remained unemployed, with the unemployment rate being around 7.9%. These numbers don't indicate things would start getting better any time s ...
An overview of extending benefits
According to a federal agency, the extension of benefits may help now, but would most likely hurt later. Jobless claims are continuing to strain the economy, but what can be done? Read about the crisis here. ...
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