Blog
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Senate Fails to Extend Unemployment Benefits That Expire Friday
With aid expiring, the White House offered a short-term extension Thursday of a $600 weekly unemployment benefit that has helped keep families and the economy afloat during the COVID-19 pandemic, but Democrats rejected it, saying President Trump’s team failed to grasp the severity of the crisis. Democratic leaders panned the... Go to Source Author:
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Jobless Claims End a 4-Month Streak
The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy, per the AP . The rise in weekly jobless claims to 1.4 million underscores the outsize... Go to Source Author:
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Jobless Claims Continue a Historic 16-Week Streak
New unemployment claims are out, and they're a smidge better than expected, reports CNBC . As in, 1.31 million people applied for jobless benefits last week, compared with the expected figure of 1.39 million. The AP has some coronavirus context: This marks the 16th straight week the figure has... Go to Source Author: John Johnson
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Sweden ‘Literally Gained Nothing’ With COVID Approach
Much has been made about Sweden's rejection of a lockdown and the high death rate that ensued. Per Reuters , the country had logged 5,447 deaths as of Tuesday, out of a population of 10 million—meaning its death rate is well above that of the US and its Nordic... Go to Source Author: Kate Seamons
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Hiring Is Stronger Than Expected in June
US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring, per the AP . The nation has now... Go to Source Author:
