Headline Roundup • August 6th, 2020
U.S. Jobless Claims Fall to 1.2 Million
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Wall Street Journal (News)
Filings for jobless benefits fell last week to their lowest level since March, a sign layoffs eased somewhat as the labor market tries to recover from the coronavirus pandemic.
Initial unemployment claims fell by a seasonally adjusted 249,000 to 1.2 million for the week ended Aug. 1, the Labor Department said Thursday. The decline came as an extra $600 a week in pandemic-related unemployment benefits ended.
The number of applications last week was the lowest since the pandemic struck the U.S. Weekly claims figures, however, remain well above the pre-pandemic...
Washington Times
Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired.
The Labor Department’s report Thursday marked the 20th straight week that at least 1 million people have sought jobless aid. Before the pandemic hit hard in March, the number of Americans seeking unemployment checks had never surpassed 700,000 in a week, not even during the Great Recession of 2007-2009.
The new jobless claims were down by 249,000...
Washington Post
The number of newly filed unemployed insurance claims dropped last week after two straight weeks of rising, but it remains well above historic pre-pandemic levels, according to Labor Department data.
It marked the 20th straight week that more than 1 million Americans filed jobless claims.
A total of 1.19 million people filed new claims last week, down from 1.43 million the week previously. The numbers of new claimants have come down from their peak in March of more than 6 million, but they are still well above the pre-pandemic record...
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