U.S. unemployment claims jump to 965,000 as virus takes toll

  • 📰 politico
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 59%

United States Headlines News

United States Latest News,United States Headlines

The number of people seeking unemployment aid soared last week to the highest level since late August

The high pace of layoffs coincides with an economy that has faltered as consumers have avoided traveling, shopping and eating out in the face of soaring viral caseloads. | Mary Altaffer/AP PhotoThe number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs., remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000.

. Shutdowns of restaurants, bars and other venues where people gather in California, New York and other states have likely forced up layoffs., partly out of fear of the economic consequences but raising the risk of further infections. Minnesota allowed in-person dining to resume this week. Michigan is poised to do the same. Some bars and restaurants in Kansas City are extending their hours.

Many more Americans are receiving jobless aid from two federal programs — one that provides extended benefits to people who have exhausted their state aid and another that supplies benefits to self-employed and contract workers. The U.S. job market’s weakness was made painfully clear in the December employment report that the government issued last week. EmployersThe figures also depicted: The losses last month were concentrated among restaurants, bars, hotels and entertainment venues — places that provide in-person services that some governments have restricted or that consumers are avoiding. Educational services, mostly colleges and universities, also cut workers in December. So did film and music studios.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US unemployment claims jump to 965,000 as virus takes tollWASHINGTON (AP) — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in... Will Trump be holding a final press conference on his dismal job numbers? Duh layoffs after Christmas occur every year DrHTheGMC So heartbreaking
Source: AP - 🏆 728. / 51 Read more »

Jobless claims surge to highest weekly total since AugustFirst-time claims for unemployment insurance were expected to total 800,000 last week, according to economists surveyed by Dow Jones. Hi , Welcome ! Will be with You in short while . I, Thank You . Prepare for hyperinflation people... after this crisis is over its inevitable There were 165,000 people at the US Capitol?
Source: CNBC - 🏆 12. / 72 Read more »

Unemployment Claims Spike To Nearly One Million As Pandemic Layoffs ContinueAnother 965,000 Americans filed new claims for benefits last week. This 100% the fault of the Trump administration...do not forget that after 1-20. Biden will fix it, but you can state blaming him for the mess-there must be universal support Pandemic plus a dictator=economic ruin for many Americans making under 150$/yr. These aren't new UC claims
Source: Forbes - 🏆 394. / 53 Read more »

Unemployment Claims Spike To Nearly One Million As Pandemic Layoffs ContinueUnemployment claims spike to nearly one million as pandemic layoffs continue by theothersarahh theothersarahh like
Source: Forbes - 🏆 394. / 53 Read more »

U.S. Unemployment Claims Rise To 965,000—Could Vaccines And Joe Biden’s Multitrillion-Dollar Plan Turn Things Around?The U.S. Department of Labor reported 965,000 Americans filed for unemployment benefits last week—a 23% increase from the prior week. The claims hit a five-month high. hell to the knaw! Don't fool yourself. Joe Biden has no plan! Yes. I already am planning to buy weird things I've needed, but have been without. The country will all be buying things they have needed, but have gone without. So, a good Spring is forecasted. 🐣
Source: Forbes - 🏆 394. / 53 Read more »