Another 860,000 people filed for temporary unemployment benefits last week, on par with what economists were expecting—while the numbers are slightly lower than the week before, when 884,000 people filed new claims, they’re still holding steady at record highs.... [+]
continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City.The slight drop in claims could be attributable to new hiring, but it may also signal that expanded federal unemployment benefits are now expiring for some job seekers.
Another 658,737 people filed new claims under the Pandemic Unemployment Assistance program, which is intended for freelancers, gig workers, and other self-employed workers who don’t qualify for traditional unemployment assistance. Crucial Quote
theothersarahh No more stimulus until after election. Stay strong! NoStimulus
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U.S. Unemployment Claims Held Steady at 860,000 Last WeekWeekly initial claims for jobless benefits fell by 33,000 to a seasonally adjusted 860,000 in the week ended Sept. 12, as layoffs remain elevated despite signs of a broader labor-market recovery. That’s because one could still work and file for unemployment. Next question.... Yeah.... as most people get back to work, the rate of people returning to work slow down... This is like 'day doesn't get much brighter after 9am' 57% of that is from California
Source: WSJ - 🏆 98. / 63 Read more »
Stock market live updates: Futures drop, better-than-expected jobless data, tech strugglesU.S. stock index futures pointed to losses across the board when the market opens on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
COVID-19 danger continues to drive joblessness in USWASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak.... MASK will NOT cure this......Voting for LEADERSHIP to DETHRONE TWEETERSHIP will We’ve done nothing and it’s gotten worse ! What a surprise!
Source: AP - 🏆 728. / 51 Read more »
Fed projections show it sees smaller economic hit in 2020 than previously expectedThe Federal Reserve signaled on Wednesday it expects the U.S. economic recovery from the coronavirus crisis to accelerate with unemployment falling faster than the central bank expected in June. Ha ha ha haaaaaa. China is sad. Duh. The vast majority of those effected by COVID 19 were & still are MINIMUM WAGE labor/hands on workers who can't work or don't care to go back. Having said that the other 85% that remained on their jobs were/are more highly trained PROS who can work frm home for more $$$.
Source: Reuters - 🏆 2. / 97 Read more »
Staying home: Drop in foreign students bad omen for Canada's labor marketTravel restrictions and a shift to online learning has dramatically cut the number of international students expected to attend Canadian universities and colleges this fall, and the decline will ripple through Canada's labor market. Quién diría que estudiantes fueran clientes potenciales. ...... *labour They will be back. Canada is one of the best country for foreign students - Excellent schools, much more affordable and friendlier than most other countries.
Source: Reuters - 🏆 2. / 97 Read more »
Staying home: Drop in foreign students bad omen for Canada's labor marketTravel restrictions and a shift to online learning has dramatically cut the number of international students expected to attend Canadian universities and colleges this fall, and the decline will ripple through Canada's labor market.
Source: Reuters - 🏆 2. / 97 Read more »