US jobless claims totaled 745,000 last week, a slight increase from the prior week's revised 736,000 total.Continuing claims dropped to 4.3 million for the week that ended February 20.The number of people filing for unemployment insurance in the US rose less than estimated as Democrats neared a critical vote on President Joe Biden's stimulus proposal.according to the Labor Department
Continuing claims, which track Americans receiving unemployment benefits, declined to 4.3 million for the week that ended February 20, in line with economist expectations. A more detailed look at how hiring fared last month will emerge when the Bureau of Labor Statistics publishes its monthly nonfarm payrolls data. Economists expect the report to show the US adding 198,000 payrolls in February.
on Saturday, teeing the stimulus package up for a Senate vote in the coming days. The deal includes $1,400 direct payments, a $400 boost to unemployment benefits, and state and local government aid.to federal unemployment insurance. Others are debating whether the boost should end in August as established in the package or in September.approved a faster phaseout for stimulus checks
This is not the time for a costly stimulus package. The worst is behind us and the economy is healthy given the attempts by the Republicans and Democrats efforts to derail it. It is time to go back to work and stop the nonsense
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