Headline Roundup • June 11th, 2020
Jobless Claims Fall to 1.5 Million
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Wall Street Journal (News)
The number of people seeking and receiving unemployment benefits fell, signs the labor market continues to mend.
The ranks of Americans drawing unemployment benefits declined slightly in the week ended May 30 to 20.9 million, the Labor Department said Thursday.
Though states continue to work through a backlog of claims, new applications for unemployment benefits have trended down since the coronavirus pandemic and related lockdowns triggered a surge in claims at the end of March. About 1.5 million applications were filed last week, compared with a peak of nearly 7...
ABC News (Online)
More than 1.5 million American workers filed jobless claims last week as the coronavirus crisis wages on, the Department of Labor said Thursday, the fewest number of filings since the crisis began.
The number of new unemployment filings has leveled off since peaking in late March even though millions of workers are still out of work as pandemic restrictions ease and states begin to reopen.
Still, some 43 million American workers have filed for unemployment insurance since mid-March. COVID-19 has pushed the U.S. unemployment rate to levels not seen since...
Breitbart News
This is the eleventh consecutive week of initial claims above 1 million. Prior to March, initial claims had never risen as high as 700,000.
Economists had forecast 1.565 million claims. Last week’s claims were revised up slightly to 1.897 million from 1.877 million.
Claims hit a record 6.87 million for the week of March 27. Each subsequent week has seen claims decline.
Continuing claims for unemployment benefits during the week ending May 30 fell 339,000 to 20,929,000. The previous week’s level was revised down by 219,000 from 21,487,000 to 21,268,000....
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