Economists have criticized President Donald Trump and Congress over their failure to pass another round of economic stimulus legislation as unemployment remains at historic levels and millions of Americans struggle to pay their bills.
New unemployment claims for the first time since March fell below 1 million last week, according to the Department of Labor'sreleased Thursday. But even as the number of new claims continues to decline, the number of Americans collecting weekly unemployment benefits remains above 25 million. The unemployment rate is estimated to stand at about 10.6 percent—higher than the 9.9 percent seen in 2009 during the Great Recession.
"Thinking back to the early days of the pandemic and the imposition of restrictions, there's no doubt that the severity of the outbreak has weighed on prospects for a more rapid economic recovery," Mark Hamrick, senior economic analyst for Bankrate.com, said in an email to."Even when effective vaccines become available, millions of Americans will still be struggling to put their financial lives back in order. But that time, in 2020 pandemic terms, remains a long way off.
President Donald Trump speaks as Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows listen at the White House on July 29. Negotiations have stalled between Republicans, Democrats and the White House over a new round of coronavirus aid.Hamrick said it was"quite stunning that Congress has yet to agree on a fresh round of relief legislation.
Republicans are the reason we’re in this mess yet they go on recess while people suffer bec of them. Stop voting for republicans!!!!
Democrats refusal and inability to compromise with ‘deplorable’ republicans is dangerous and harmful to us. They want to put the country in insurmountable debt (their next relief package would cost 3 TRILLION) and won’t listen to other options.
is now blocked for their birtherism. Enjoy your day!
You know what might help? Publishing racist conspiracy theories against the woman running to unseat Trump. How 'bout it, Newsweek?
Theyre calling put the wrong folks. They need to call out the Speaker of the house shes the one holding up the stimulus package. Shes holding out so the post office can get funding to mail out ballots to dead people and cats to vote so the Dems can attempt their election steal.
Their defense is that most of the unemployed will be minorities instead of white people!
Your website is a trash hole. Running that hit piece yesterday, and we're off to the 'birther' races again.
But how is that Trump's fault, when the Democrats are the ones stalling the process?
The democrats refuse to come to a compromise with the 'deplorables.' It would also help if we just opened up. All of the corona virus numbers are inflated and there are so many conflicting claims it's hard to know what to believe.
The game the GOP senatemajldr & realDonaldTrump are playing with Americans. They are trying to be slick when we know who stalled the passage of the bill that was passed by the TheDemocrats over 2 months ago. They sabotaged the bill & trying to look innocent. GuiltyParty
Can't say it continues to drop. Have to sensationalize it. I way a report in SC about the 'spike' of 4 new cases.
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