WASHINGTON (AP) — The number of Americans applying for unemployment aid fell last week to 547,000, the lowest point since the pandemic struck and an encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor Department said Thursday that applications declined 39,000 from a revised 586,000 a week earlier. Weekly jobless claims are down sharply from a peak of 900,000 in early January. At the same time, they're still far above the roughly 230,000 level that prevailed before the viral outbreak ripped through the economy in March of last year. “With 135 million Americans having received at least one dose of a COVID-19 vaccination and the economy opening up more each day, the number of job opportunities will continue to rise,” said James Knightley, chief international economist at ING, a European bank.
Asian stocks were lower on Tuesday as rising bond yields impacted tech shares and company valuations in China and Korea and investors grappled with their inflation fears as the United States looks set to pass a $1.9 trillion stimulus package.
OLYMPIA, Wash. – Washington Gov. Jay Inslee announced on Sunday that the state will provide unemployment for the nearly 100,000 Washingtonians who will lose their federal Pandemic Unemployment Assistance (PUA) benefits following President Donald Trump’s refusal to sign a federal coronavirus relief package. Trump had until midnight on Saturday to sign the relief bill.
California is partway through a deliberate pause in processing an avalanche of unemployment claims that poured into the embattled state labor agency amid coronavirus-linked business shutdowns -- and state officials disclosed on Thursday a backlog of jobless claims that is still about 1.6 million.
The Dow fell by up to 600 points before paring back losses.
Claims down to 881,000 from 1m the previous week, after labor department said it was changing its statistical model to better reflect impact of Covid
Thirty states have received approval from FEMA for the extra benefits aimed at helping jobless workers.
U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.
Colorado’s unemployment trust fund is expected to become insolvent early next week, but the state will borrow money from the Federal Unemployment Account and people who are on unemployment should not see any interruption in their benefit payments.
Treasury Secretary Steven Mnuchin provide guidance on when the $400 unemployment payment authorized by President Trump could start going out.
The White House is trying to capitalize on the latest jobs numbers, arguing they point to a strong economic recovery under President Trump even as millions remain out of work and states grapple with increases in cor
White House economic adviser Larry Kudlow said Friday that a draft executive order suspending the payroll tax was nearly completed and that he thinks President Trump will sign it.
Nancy Pelosi and Chuck Schumer appear to have reached consensus on a timeline for the next coronavirus stimulus package with Steve Mnuchin and Mark Meadows. The two agree on a second stimulus check, but are still far apart on extending the $600 federal unemployment benefit
White House advisers and top Democrats are set to meet again today to continue negotiations over the next round of coronavirus relief legislation. Disagreeme...
ABC News’ Rebecca Jarvis explains the significance of the U.S. economy’s 32.9% drop last quarter. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC ...
An intraparty struggle over how to overhaul the $600 federal unemployment bonus is threatening to not only cut off benefits for millions of Americans, but also delay passage of the next coronavirus stimulus package for several weeks.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act legislation included federally-funded unemployment benefit expansions to address the economic crisis brought on by the coronavirus pandemic.
Second stimulus checks could be sent as early as August.
Trump supports second stimulus checks.
Another 1.5 million Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Department of Labor reported.
White House hopes for a swift economic recovery from the miseries of the coronavirus pandemic received a major jolt on Friday with a surprise jobs report that found the unemployment rate fell in May and the country actually added 2.5 million jobs.
President Donald Trump took a victory lap on news of a 13.3% US unemployment rate Friday, beginning his Rose Garden news conference with tangent-filled remarks on the economy and taking credit for lower unemployment numbers.
If you’re counting on a second stimulus check, you may want to reconsider.
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.
Amazon on Thursday said it is offering permanent jobs to 125,000 of the temporary workers hired to handle surging use of its online shopping service due to the pandemic.
In the United States another 2.4 million people have filed for unemployment benefits in the past week. More than 38 million Americans have lost their jobs since the coronavirus pandemic struck in March. Previously affluent middle-class Americans are now queuing for handouts at food banks, as America experiences the worst downturn since the 1930s and the Great Depression. Huw Edwards presents BBC News at Ten reporting from North America Correspondent Nick Bryant in New York. Please subscribe HERE http://bit.ly/1rbfUog
Kevin Hassett predicted that the unemployment rate will likely reach its peak in May or June.
The economic damage of the coronavirus was laid bare Friday when the Labor Department reported the worst job losses since the Great Depression, jolting the race for the White House less than six months before Election Day.
The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
The governor of Kentucky apologized on Tuesday for saying someone named Tupac Shakur, who had applied for unemployment in the state, was an example of fraud -- when it was actually the person's real name.
So, that's what it means.
Over 16 million people have filed for unemployment over the last three weeks as many businesses shut down due to COVID-19. #ABCNews #BreakingNews #Covid19 #JoblessClaims #Unemlployment #UnemploymentClaims #JobsReport #Economy
The ranks of Americans filing for unemployment claims because of the coronavirus pandemic likely swelled again.
The number of Americans seeking unemployment benefits in the last three weeks likely totaled a staggering 15 million as tough measures to control the novel coronavirus outbreak abruptly ground the country to halt, which would cement views the economy was in deep recession.
Some jobless Americans will start seeing heftier unemployment checks as soon as this week, depending on where they live.
“Trump must also withdraw his support for a partisan lawsuit that would undo the Affordable Care Act and take health coverage away from almost 20 million Americans,” Biden said.
The March jobs report is expected to show the start of a collapse that this spring could shed all the U.S. jobs added by employers in the past decade and push the unemployment rate to record highs.
The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Congress has agreed to a $2 trillion plud COVID-19 stimulus relief package, which has just been signed by President Trump. Here's what you need to know.
According to the Department of Labor, 3.3 million Americans—roughly the population of Utah—have filed for unemployment insurance since last week. Huge doesn’t even begin to capture the scale of mass job loss, and yet there’s every reason to believe the reality is even worse.
The number of Americans filing claims for unemployment benefits likely raced to as high as a record 4 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs.
Global equities rebounded almost 2% on Tuesday, off near four-year lows, and the dollar slipped as investors pinned hopes on unprecedented stimulus steps by the U.S Federal Reserve and other policymakers to ease strains in financial markets.
The Families First legislation would provide free coronavirus testing, paid emergency leave, enhanced unemployment insurance and stronger food security initiatives.
The U.S. economy has added jobs every month for more than 10 years straight, defying expectations with a record stretch of prosperity.