US jobless benefits claims rise more than expected to 1.1 million in week to Aug 15

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WASHINGTON: Just over 1.1 million people filed new claims for jobless benefits in the week ended Aug 15, the US Labor Department said today, defying e...

A banner against renters eviction is displayed on a controlled rent building in Washington, DC. Claims for jobless benefits rose in the week ended Aug 15, only the third time new applications have increased since the beginning of April . – AFPPIXJust over 1.1 million people filed new claims for jobless benefits in the week ended Aug 15, the US Labor Department said today, defying expectations for a more moderate rise.

The US is facing both the world's worst coronavirus outbreak and massive unemployment, with the latest data well above any single week of the 2008-2009 global financial crisis. The act apportioned an extra US$600 in weekly payments to unemployed workers while creating the Paycheck Protection Program to give loans and grants to companies struggling amid the downturn, but both programmes expired and investment banker Dan Alpert linked that to the jump in claims.

 

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