3.2 million more Americans applied for unemployment last week, pushing total jobless claims for the last seven weeks to more than 33 million
The number of Americans losing jobs to the coronavirus pandemic continued last week to climb steeply, the Labor Department reported Thursday, with 3.2 million new unemployment claims filed.
prompting many economists to suggest that unemployment now stands higher than in most Americans' lifetimes.The Bureau of Labor Statistics on Friday will release its more precise estimate of the April unemployment rate as part of its monthly jobs report.that its own survey indicated 20.2 million private-sector jobs were lost last month, largely in the service-providing industries. But that number could well be too low, given that the report relies on data that runs only through April 12.
States have struggled to process the flood of new claims that began in mid-March, when non-essential workers were first ordered to stay home.have asked DOL for $36 billion in federal advances to cover the skyrocketing costs of the benefit payouts amid the pandemic, with Illinois topping the list with an $11 billion request.
More than two dozen states have started reopening their economies and reducing stay-at-home restrictions, as lawmakers in Washington debate whether to move forward with another round of coronavirus relief.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
California's weekly coronavirus deaths drops for the first timeThe global coronavirus pandemic has brought countries to a standstill. Here's the latest updates on worldwide Covid-19 cases, deaths, government responses, and more.
Weiterlesen »
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.
Weiterlesen »
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.
Weiterlesen »
U.S. Stock Futures Rally Ahead of Weekly Jobless Claims“No one can predict exactly how Covid-19 will play out from here, and there are always other risks present as well,” says an investment director
Weiterlesen »
Rihanna Is Co-Funding a $4.2M Grant for Domestic Violence Victims in LA Affected by COVID-19Rihanna has already donated $5 million to coronavirus relief organizations.
Weiterlesen »
5 things to know before the stock market opens ThursdayDow futures rise as Wall Street seems to be more focused on the benefits of states starting to reopen their economies than surging jobless claims.
Weiterlesen »