Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The number of US jobless claims last week totaled 3.2 million, the Labor Department said Thursday. The median economist estimate was forIt's the fifth week in a row that claims have declined, signaling the worst shock of the coronavirus pandemic to the labor market may be in the past.
Still, it's the fifth week in a row that new unemployment-insurance claims have fallen, suggesting that the worst of the shock to the labor market has passed. But claims remain elevated at a level that dwarfs the largest week of job losses during the great recession, when 665,000 Americans filed for unemployment insurance.
Economists expect claims to trend down but remain historically high for a few reasons. One is that it's likely some states are still working through backlogs of claims that overwhelmed unemployment office systems never meant to handle millions of applications per week.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US companies eliminated a record 20.2 million jobs in April, ADP report says - Business Insider'Job losses for the month of April alone was more than double the total jobs lost during the Great Recession,' said Ahu Yildirmaz of ADP. much more in june-july!
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks climb as economic reopening hope offsets dismal jobs report | Markets InsiderUS stocks rose Wednesday amid continued efforts by the US government to reopen the economy. Investors looked past a dismal report from ADP showi...
Source: BusinessInsider - 🏆 729. / 51 Read more »
2020 US elections could be harder for social platforms than expected - Business InsiderMore political activity moving online, in addition to other pandemic-driven challenges, could make this already difficult election even harder for social platforms Hi there I'm a Professional Graphics Designer and Logo Designer. You can get any of your graphics related work done for just $5-15. You can use your business card and unique logo and letterhead and flyer banner, etc. I'll try to give my best. Thanks. The votes are on President Trump side but we know his legacy will be on the rebalancing of the American economy. History will remember him for building the greatest economy on the planet.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Meat shortage pushes prices higher for US grocery shoppers - Business InsiderThe American meat shortage is pushing prices to unprecedented heights — here's how it could affect your grocery bill Why? There is no meat shortage, these Chinese Communist owned Meat and Poultry Plants are shutdown to cause situations. Many of us don't need meat to survive.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Largest mobile soup kitchen in US overwhelmed with 50% spike in demand - Business InsiderFood programs have become vital as more than half a million New Yorkers have lost their jobs during the health crisis.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cruise ship workers stuck on ships finally allowed to disembark in US - Business InsiderThousands of stranded cruise workers are finally being allowed to disembark ships in the US after cruise companies agree to strict deals with CDC
Source: BusinessInsider - 🏆 729. / 51 Read more »