US weekly jobless claims climb to 870,000 as pace of economic recovery slows - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

US weekly jobless claims climb to 870,000 as pace of economic recovery slows

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.New US jobless claims for the week that ended Saturday totaled 870,000, the Labor Department said Thursday. The reading came in above the consensus economist estimate of 840,000 and marked an increase from the previous week.

. That reading surpassed the median economist estimate of 840,000 compiled by Bloomberg and marked an increase from the prior week. In nearly seven months, the roughly 62 million unemployment insurance filings made during the coronavirus pandemic have handily overshadowed the 37 million made during the 18-month Great Recession. Thursday's reading still surpasses the 665,000 filings made during the Great Recession's worst week.

 

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:

 /  🏆 729. 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.

An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

From the fields to the classroom: Inside the lives of U.S. agriculture’s youngest workersThe Aguilar sisters work in the fields 40 hours a week. They’re also high school students, doing homework when they can. Many nights they go without sleep. Too few of them and this is unfortunate. Most farmers are senior citizens. TrumpLied200KAmericansdied VoteBlueToSaveAmerica VoteBlueToEndThisNightmare VoteBidenHarris2020 I did farm work when in school too! It was a summer job and now that classes are virtual kids can get in a little more time working if they want too! I worked at different jobs the whole time I was in High school and would've done 40 if I could instead of working plays and other
Source: NBCNews - 🏆 10. / 86 Read more »

Hilary Duff Takes Us Inside Her Home, and Yes It's What Dreams Are Made Of - E! OnlineYounger star Hilary Duff gave fans a tour of her Beverly Hills home on Wednesday, showing off her chicken coop, gift from husband Matthew Koma and the spot where she gave birth to baby Banks.
Source: enews - 🏆 466. / 52 Read more »

Jobless claims at 870,000 as fraud and backlogs cloud data\nWASHINGTON (AP) — 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... 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. 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 :)
Source: AP - 🏆 728. / 51 Read more »

New weekly unemployment filings tick up to 870,000JUST IN: The latest tally of weekly jobless claims was 870,000 last week, the Department of Labor says. This is America while Trump is President. No jobs, no peace and no vaccine! Think we need a change? 😬 SpeakerPelosi SenSchumer senatemajldr POTUS enough with the stalling! You all have the audacity to write asking people for money when YOU promised a stimulus for Americans! You’re kidding right! STIMULUSPACKAGENOW! Finding a job with a weekly paycheck is NOT difficult. If the Pre-Covid income was $50k per year...then go out..be humble & grateful that people CAN get a job. Maybe not one they would choose....but a job “for now”...until their field of work has more job openings.
Source: ABC - 🏆 471. / 51 Read more »

Kudlow—Contradicting Other Top Officials—Says Stimulus Not Needed For Economic RecoveryKudlow downplayed the necessity of another coronavirus stimulus bill for a V-shaped economic recovery. Kudlow is always stimulated LARRY IS ALWAYS WRONG!! 200,000 deaths after “we have the virus totally contained” 🤡🤡🤡🤡 Of course it’s not needed...the economy will recover in 3 or 4 years!
Source: Forbes - 🏆 394. / 53 Read more »