Applications for state unemployment benefits likely ticked down last week, a sign of gradual improvement in the labor market after the coronavirus pandemic struck this spring.
Economists forecast jobless claims declined slightly to a seasonally adjusted 850,000 last week from 881,000 a week earlier. Claims have fallen from a March peak of about 7 million, but remain at historically high levels—above the pre-pandemic record of 695,000.
Source: News Formal (newsformal.com)
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Any stats how many jobs were lost forever?
Is it because unemployment payments only for 6 months? Who keeps statistics on what happens to unemployed after 6 months?
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To understand the extent of these claim numbers, it's best to look at some historic metrics. Track weekly unemployment claims in every state since 1964:
Bull shit...unemployment is rising because of trumps inability to create new jobs!
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My job is gone, the business is closed, what about you?
There was no labor market recovery. Labor is exploited in america. hence why Americans received 1200 dollars to deal with a global crisis while the world fully supported their citizens. We acted like a third world country, our outcomes are that of a third world country.
People going back to jobs they left because of a LOCKDOWN is NOT a recovery.
Slow right now... wait until the second wave of COViD, if it does come... the economy will be down by 1/3 more come January... GDP too as we will be limited even more with travel...
These numbers won’t be substantially better until democrat governors open their economies. It’s sick they would use Americans this way
Any economist will tell you it's all downhill from here until a vaccine is found to work.
Well that would make sense as the 2 most populous states continue to squeeze its lowest and entry level workforce for political propaganda
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