1.4 Million More Americans File for Unemployment

Headline Roundup July 30th, 2020

According to a Department of Labor report published Thursday, 1.4 more Americans filed for unemployment last week, marking the 19th straight week where the number of initial claims exceeded 1 million. This comes as Congress debates the extension of increased federal unemployment aid amid the COVID-19 coronavirus pandemic.

Reporting was largely uniform throughout the spectrum; some right-rated outlets focused on the idea that unemployment checks are helping families while also disincentivizing some laborers from returning to the workforce.

1.4 Million More Americans File for Unemployment

From the Left
302

New York (CNN Business) - In yet another sign that the economic recovery is teetering in a resurgence of coronavirus cases, the number of Americans filing first-time unemployment claims rose for the second week in a row.

Some 1.4 million people filed for initial jobless claims last week, up 12,000 from the prior week's revised level, which was the first increase in 16 weeks.
On an unadjusted basis, 1.2 million people filed first-time claims, down 171,000 from the week before. The seasonal adjustments are traditionally used to smooth out...

Read full story
From the Center
302

The number of Americans who filed for unemployment benefits last week was roughly in line with expectations as the coronavirus pandemic continues to ravage the U.S. economy.

Data released by the Labor Department showed initial weekly jobless claims for the week ending July 25 came in at 1.434 million. Economists polled by Dow Jones expected claims to rise to 1.45 million.

This also marks the second consecutive week in which initial claims rose after declining for 15 straight weeks. It is also the 19th straight week in which initial...

Read full story
From the Right
302

More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.

The continuing wave of job cuts is occurring against the backdrop of a spike in virus cases that has led many states to halt plans to reopen businesses and has caused millions of consumers to delay any return to traveling, shopping and other normal economic activity. Those trends have forced many businesses to cut jobs or at least delay hiring.

The Labor Department's report...

Read full story

Try the New AllSides Mobile App

The only news app you’ll ever need. Now available on iOS and Android.