People who lost their jobs during the pandemic wait in line to file for unemployment benefits in Arkansas.New US jobless claims for the week that ended Saturday totaled 847,000, down from the previous week's revised total of 914,000.The number of Americans filing for unemployment insurance slid last week as the labor market's recovery accelerated.the Labor Department announced Tuesday
Continuing claims, which track Americans receiving unemployment-insurance payments, dropped to 4.8 million for the week that ended January 16. Economists expected continuing claims to total 5.1 million.The CEO of the world's biggest asset manager warns that companies will 'suffer' if they don't cut carbon emissions. Read excerpts from his letter to CEOs here.
Though filings remain at elevated levels, the trend in COVID-19 infections suggests the labor market could soon see a better backdrop. The US reported 151,675 new coronavirus cases on Wednesday, bringing the 7-day average to 159,740 after it neared 200,000 just weeks ago. Hospitalizations fell to 107,444 and deaths neared 420,000, according toAdditional economic aid could also boost the rate of improvement. Democrats continue to push for President Joe Biden's $1.
thisisinsider I'd bet many people are just tired of being denied.