Headline Roundup • July 16th, 2020
Weekly Jobless Claims Total 1.3 Million
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Wall Street Journal (News)
New applications for unemployment benefits held nearly steady last week after a period of larger declines, a sign an increased number of Covid-19 cases in some states and related restrictions on businesses is causing the labor market’s healing to stall.
Initial unemployment claims fell by a seasonally adjusted 10,000 to 1.3 million for the week ended July 11, the Labor Department reported Thursday.
That narrowly extends a trend of declines from a peak of 6.9 million in late March, when the coronavirus pandemic and mandated business closures shut down swaths...
First-time applications for unemployment benefits topped 1.3 million last week, marking a continued pain point in the nation's economic recovery after 17 straight weeks of job losses in the millions.
The data, released Thursday by the Department of Labor, comes amid a spike in coronavirus cases in 40 states, complicating a broader nationwide reopening of businesses.
Meanwhile, lawmakers in Washington remain at loggerheads over extending the supplemental $600 in pandemic unemployment assistance that has been a lifeline to families affected by coronavirus-induced layoffs. The benefit is set to expire at...
The number of new jobless claims last week was 1.3 million, the Labor Department reported Thursday, which marks the 17th straight week that claims have exceeded 1 million.
Economists projected that 1.25 million jobs were lost last week.
On average, over the past four weeks more than 1.3 million jobless claims have been filed each week, according to the Labor report.
The total number of people claiming benefits for all jobless programs for the week ending June 27 was over 32 million. Compared to the same week last year, there...
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