2.1 million people filed for unemployment benefits in the week ending May 23, bringing the ten-week total to more than 40 million claims; even though the pace of job losses is slowing from week to week, it will likely take years for the labor market to fully recover after the coronavirus crisis.... [+]Economists were expecting about 2.1 million claims, down from 2.4 million the prior week and 3 million the week before that.
Weekly claims have declined steadily since March , but the numbers remain astronomically high—prior to the coronavirus crisis, the previous weekly claims record was just under 700,000 in 1982. “I think we’ve hit the bottom, as far as layoffs,” Marianne Wanamaker, a labor economist at the University of Tennessee, told theyesterday that despite gradual reopenings across the country, most businesses are pessimistic about the pace of economic recovery and many are struggling to bring employees back to work.
The central bank cited health concerns among workers, limited childcare options and expanded unemployment benefits during the pandemic as the reasons for the difficulty.
theothersarahh
theothersarahh US jobless claims for last week ending May 23, at 2.123 m. That makes 40.767 m. totally. 21/3 = 3.307 m. 28/3 = 6.867 m. 4/4 = 6.615 m. 11/4 = 5.237 m. 18/4 = 4.442 m. 25/4 = 3.867 m. 2/5 = 3.176 m. 9/5 = 2.687 m. 16/5 = 2.446 m. 23/5 = 2.123 m.
theothersarahh Wow
theothersarahh Mad world
theothersarahh Very sad to hear that. How systems cripple by the people for the people
theothersarahh Wouldn’t want realDonaldTrump to see how much he’s Winning (sarcasm)
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Workers filed 2.1 million new unemployment claims last week2.1 million Americans filed for unemployment last week. About a quarter of the U.S. workforce, 40.8 million, has applied for jobless benefits during the pandemic. OMG! Why not do a peice on how long it takes for the benefits to be approved. Many in NY are waiting over a month.
Source: politico - 🏆 381. / 59 Read more »
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Source: latimes - 🏆 11. / 82 Read more »
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Source: THR - 🏆 411. / 53 Read more »
2.1M more Americans file for unemployment, bringing 10-week total to more than 40 million amid coronavirusThe number of Americans struggling to make ends meets continues to grow, even as the economy begins to restart after shutting down to slow COVID-19 We always hear about employment. What about bankruptcies, foreclosure, etc .. Why are we always given minimalistic information? Don't worry everyone, Trump got this. Once he's done watching TV, tweeting on the toilet, screaming about being censored (the irony), talking about what a great job he's doing, telling people masks are dumb, saying 100,000 dead could of been worse, getting ready for his golf... All thanks to donald duck! Where's the needed bailout? Dont hold your breath!
Source: USATODAY - 🏆 100. / 63 Read more »
Newsom says rules for reopening California fitness centers coming 'in a week or so'Gov. Newsom says the state would release guidelines 'in a week or so' for gyms and other facilities to reopen in California.
Source: latimes - 🏆 11. / 82 Read more »
Must-See Celebrity Instagram Posts of the WeekJessica Simpson shows off recent weight loss in post-workout selfie (via toofab) TooFab She look like 50 Cent in that movie nobody saw. TooFab Finally. TooFab Not a great pic..
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