September 24, 2020 GMT
WASHINGTON — The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral pandemic is still squeezing restaurants, airlines, hotels and many other businesses six months after it first erupted. The Labor Department said Thursday that the number of people who are continuing to receive unemployment benefits declined to 12.6 million. The steady decline in that figure over the past several months reflects that some of the unemployed are being re-hired. Yet it also indicates that others have exhausted their regular jobless aid, which last six months in most states.
Yet job growth has been slowing. In most sectors of the economy, employers appear reluctant to hire new workers in the face of deep uncertainty about the course of the virus.
Wait if trump gets in it ae have a massive recession setting in due to his covid response
LevineJonathan Thanks California.
matteroffacttv Wait till Oct 1.
Park Ave Don has made history. Worst unemployment numbers since the Great Depression of 1929. Most virus deaths since the Spanish Flu of 1918. He is incapable of protecting your financial or physical health. End the chaos by electing JoeBiden. Volunteer swingleft and VoteFwd
We’re still losing almost 1M jobs a week, even though businesses are supposedly opening up. The economy is in trouble and all Trump is doing is bragging about a v recovery. We need a real leader (Biden) who can get us out of this mess!
Amazing how the government gave tax breaks for corporates and top earners, yet as soon as crisis hits they start laying off employees. Great job from the Republican party :)
THREAD: The high unemployment number shows that the viral pandemic is still squeezing restaurants, airlines, hotels and many other businesses six months after it first erupted.
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