US weekly jobless claims hit 3.8 million as coronavirus layoffs continue - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'It's a very uncomfortably large share of the workforce,' Michelle Meyer, chief US economist at Bank of America told Business Insider.

There's likely worse to come — economists expect that the greatest economic contraction will hit in the second quarter, which includes the months of April through June. And, while unemployment claims have trended down over the last few weeks, continued elevated applications are worrisome. In just six weeks, roughly 29 million Americans have lost their jobs and filed for UI.

After last week's unemployment claims report, one in six American workers had recently lost a job. If job losses continue,An investment chief who oversees $29 billion explains why he's bullish on a niche industry that's 'like the red blood cell of tech' — and shares 2 stocks he's buying Emma Gibson, 23, was the assistant audio engineer for Sesame Street Live until mid-March, when the touring show was canceled and all of the staff was sent home. She applied for unemployment in her home state of Florida at the end of the month, she told Business Insider.

"That's definitely been a struggle," Gibson said. "When you apply it says it will take 72 hours to process, and it definitely took way longer than that." Elevated claims may also show that layoffs due to the coronavirus pandemic have extended beyond the first sectors hit, such as entertainment, restaurants, and nonessential retail and services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

realDonaldTrump

Because the website made us do double applications. It’s a lie

HOW IS THE USD Still holding UP fuck these markets are RIGGED to the rich ONLY TimeForPlanB Bitcoin

Rationism PatriotTax America JohnAdams ThomasJefferson

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:

 /  🏆 729. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Evacuated Peace Corps volunteers face uncertain future back in US - Business InsiderWe spoke to eight Peace Corps volunteers, some of whom hold out hope they'll eventually be able to resume their service in their host countries.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US stocks slide amid mega-cap tech weakness and earnings uncertainty | Markets InsiderUS stocks slid on Tuesday, dragged lower by mega-cap tech weakness, oil-market volatility, and uncertainty around earnings season. Adobe and Mic...
Source: BusinessInsider - 🏆 729. / 51 Read more »

US response to coronavirus: Defense Production Act and wartime economy - Business InsiderTrump plans to use the Defense Production Act to order meat processing plants to stay open amid the coronavirus pandemic. Here are all the unusual ways he has used the powers of a 'wartime president' so far. 'Here’s Trump at his rally...in South Carolina dismissing worries about the coronavirus as the 'new hoax'' Feb 28, 2020 atrupar
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump: 'very good experts' said the coronavirus 'would never affect' the US - Business InsiderTrump claims 'very good experts' told him the coronavirus 'would never affect' the US, despite multiple officials publicly warning of an impending outbreak Multiple officials publicly warned? How CoronaVirusCharts Can Mislead US [Dr. Fauci: “...became clear that we were in real trouble” in mid 2 late Jan due 2 community spread.] TRUMP/REGIME GOT DETAILS OF VIRUS EARLY IN NOV 2019! YES, TRUMP'S IN TROUBLE; ALL A 'GAME' TO HIM! HE'LL JUST BLAME OTHERS FOR 70,000+ DEATHS SOON!
Source: BusinessInsider - 🏆 729. / 51 Read more »

'FREE AMERICA NOW': Elon Musk is now protesting US lockdowns - Business InsiderMusk's reaction to the coronavirus crisis has been a confusing mix. He is hacked I agree. Business can start but Within safety measures until a vaccine is in place. Stopping something entirely is not going to do anyone any favours.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US weekly jobless claims preview: Economists see 4th week decline - Business InsiderEconomists expect that the Thursday report from the Labor Department will show the fourth week of declining unemployment insurance claims. But amount unemployed stays the same!
Source: BusinessInsider - 🏆 729. / 51 Read more »