Weekly Unemployment Claims Slow, But The Labor Market Is Still In Dire Straits

  • 📰 Forbes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

3.2 million people filed for temporary unemployment benefits last week, down from 3.8 million the week before and 4.4 million the week before that. More than 33 million people have filed claims since the coronavirus crisis began.

, tapping $348 million in federal money out of a possible $10 billion that it has access to through the end of July. Illinois has been approved to borrow $12.6 billion and Connecticut is approved to borrow $1.1 billion.has emerged among lawmakers in Washington over the prospect of sending more federal aid to state and local governments—the $2.

to cover budget shortfalls while Republican Majority Leader Mitch McConnell has proposed allowing states to go bankrupt rather than sending them more aid. Even though total claims have declined from week to week, the unemployment situation is likely more dire than the data reflect.

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:

 /  🏆 394. in UK
 

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

Democrat Governors are showing that Federal Handouts are their plan for the future. Their Leader NYGovCuomo was waxing poetic about how much he could spend if someone else could send him the money. Socialism is not working, Vote the left out. tt:ckchumley nypost nytimes

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

US weekly jobless claims are 3.2 million as coronavirus layoffs continue - Business Insider'It's very clear the labor market is still taking it on the chin from the coronavirus,' said Ryan Sweet, a senior economist at Moody's Analytics.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market live updates: Dow futures up 200, oil rallies, weekly jobless claims aheadA conversation about the latest market-moving news, including a surge in oil prices, while investors await the latest unemployment data. Is it time to sell stocks? Long!
Source: CNBC - 🏆 12. / 72 Read more »