Weekly jobless claims near four-month low; millions drawing unemployment benefits

Economists cautioned against reading too much into the bigger-than-expected decline in jobless claims reported by the Labor Department on Thursday, noting that the period included the July 4 Independence Day. Claims data are volatile around holidays.

Initial claims for state unemployment benefits dropped 99,000 to a seasonally adjusted 1.314 million for the week ended July 4. The 14th straight weekly decline pushed claims to their lowest level since mid-March when nonessential businesses were closed to slow the spread of the respiratory illness. Stocks on Wall Street were lower. The dollar edged up against a basket of currencies. U.S. Treasury prices rose.The number of people receiving benefits after an initial week of aid dipped 698,000 to 18.062 million in the week ending June 27. These so-called continued claims, which are reported with a one-week lag, topped out at a record 24.912 million in early May.

But the boost from the PPP program is fading, even though the government has extended the deadline to Aug. 8 for small businesses to apply for loans. A survey from the NFIB last week showed some small business owners were cutting payrolls, noting “many owners received their loans in April and will be unable to keep all their workers past June.”

“Now, we are witnessing larger company bankruptcy filings accelerating. With oil prices falling, and global demand for oil tightening, other bankruptcy filings are expected in the oil patch.”

I just want you to wear a mask. Wearing a mask is the minimum courtesy of human relations. Coronavirus infections demand courtesy of relationships. Selfishness is the opposite of politeness. Selfishness is the enemy of society.

Arizona can’t even pay our unemployment insurance claims! I’ve been waiting 2.5 months AFTER the claims have been approved and still have not received a cent. dougducey has failed Arizona and is not helping thing now. azdes is in shambles.

And Reuters keeps distributing advertising product for China

Wow

Hero’s Act is ready - so many of our immediate problems can be helped by passage of the Act. If Reps have something to add they should. Saying DOA by Senate Reps + Presidents after offering nothing isn’t at plan. It’s staggering how little the Senate Reps or President have cared

We haven’t seen the half of it.... look around peeps....Stock up.... Food this time, you’ll starve behind your mask....

Hello realDonaldTrump... I know you are scared for this SCOTUS NY thing... But the unemployment thing is killing us.

Millions of us have been forced off unemployment and back to work during a pandemic. Pestilence or starvation is the choice we have been given. I have no country.

Poor leadership is the problem.

Millionaire/ Billionaire Friends of Donald Trump/GOP given PPP monies but the American people are given $1200 (maybe but probably not- lots of ppl are contractors) and unemployment )maybe-see above) So Pelosi or Mitchell or whomever need to get it together and HELP. HELP!!

STAGGERING. And bound to get worse as covid spreads unchecked

and the asteroids continue to go unmined.

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Dow futures point to lackluster stock-market open as investors await weekly jobs dataU.S. stock-index futures Thursday morning see muted action as investors await a report on weekly jobless claims that is likely to show that more than one million Americans submitted claims for unemployment benefits amid the COVID-19 pandemic. Are they worried jobs will be added? Or excited that there will be jobs gone? I can’t tell anymore, the market is all coocoobananas. nobody gives a rat's ass they just buy it because Trump and the Fed tell them to
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Another 1.3 million workers filed for unemployment insuranceJUST IN: Another 1.3 million U.S. workers filed for unemployment insurance last week, the Department of Labor said. Inapt POTUS Hello Biden the White house is all yours after Nov the 4th.. Vietnam war dodger crook, Crafty, cunning and yet a Clueless Covfefe Trump needs a miracle to win & miracles are hard to come by Shed red Go blue RussiaGate Rocket ship recovery Stop the 600 dollars
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U.S. Initial Unemployment Claims Edge Down in Latest WeekInitial unemployment claims edged down to 1.3 million in the latest week and workers receiving benefits eased slightly to 18.1 million, the Labor Department reported Thursday. Are these people knuckleheads? Every case of Covid the person is taken out of the economy for 14 days? 50K a day millions more to come at home all people in contact at home. Layoffs every 14 days its not about deaths anymore. Trying spin good news of 18 million on benefits and millions more that are jobless? PAss the HeroesAct A Korean underground band. Three guys sing a song Sweet Caroline having kimchi soup & soju -Korean alchol- Have a fun!
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U.S. jobless claims fall to four-month low of 1.31 million in early July, but layoffs still highThe number of initial jobless claims fell by almost 100,000 to 1.31 million in early July, but the pace of layoffs is still quite high more than three months... Stay open. The job losses now, are permanent professional & white-collar jobs. Means losses in consumer spending, new construction, government revenue, and possible increase in defaults.
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Jobless claims at better-than-expected 1.3 million, total getting benefits falls to 18 millionWeekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases. Pandemics have that effect. Everything Trump Touches DIEs aka ETTD Where’s the headline that says that’s down! Most businesses around my area are open.
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