Economy

Why the horrific jobless claims report is actually worse

Why the horrific jobless claims report is actually worse”

"This large increase in unemployment claims was not unexpected, and results from the recognition by Americans across the country that we have had to temporarily halt certain activities in order to defeat the coronavirus", Labor Secretary Eugene Scalia said in a statement.

As the Department of Labor put it, "Nearly every state providing comments cited the COVID-19 virus impacts".

The department is doing everything it can to meet the increased need, she continues.

Thursday's claims report also showed the number of people receiving benefits after an initial week of aid increased 101,000 to 1.80 million, the highest since April 2018.

"We would expect numbers from these states and others to climb in coming weeks, particularly with the number of lockdowns increasing across the USA", he added. The illness has caused layoffs in the accommodation, food services and educational service industries, as well as in the transportation and warehousing sector, the state reported to the federal government.

Unemployment claims this week grew more than five-fold from last week, when 9,138 Alabamians filed for benefits.

More news: Drew Brees to donate $5 million to Louisiana

Almost 90 percent of all first-time claims with the state last week were made over the internet, according to state figures.

"We estimate that by summer, 14 million workers will lost their jobs due to the coronavirus shock", she said in a tweet.

And for the most recent week, ending March 21, 155,815 workers filed for unemployment, placing New Jersey fourth.

Peach said it's likely many early job losses are concentrated in the leisure and hospitality sector.

"As of January, Maryland's unemployment rate was just 3.3 percent, with only 109,158 Marylanders unemployed", said Anirban Basu, chairman of the Sage Policy Group.



Like this

loading...
loading...

Latest


27 March 2020
Spooky Video Showing Corona Virus Damage to the Lungs
He was connected to a ventilator at that hospital but eventually required a more intensive intervention. Several researchers have been analyzing various organs in the body after getting the Covid-19.

27 March 2020
Hockey equipment maker Bauer shifts to medical supplies
Bauer is still increasing production of medical shields, and Messier said he hopes other companies will do the same. They're expected to first go to doctors and nurses in Canada , then the US.

27 March 2020
Xiaomi Mi 10 with Snapdragon 865 SoC, 8GB RAM launched
It is powered by the Qualcomm Snapdragon 765G processor with an integrated 5G modem, similar to the one used in the Nokia 8.3 . The Mi 10 and Mi 10 Pro go on sale on April 15 in Europe, with the Mi 10 retailing at €799 and the Mi Pro retailing at €999.

27 March 2020
ExCel Centre London To Become Temporary Hospital 'NHS Nightingale' For Coronavirus Patients
Speaking about the volunteers, he said: "They will be absolutely crucial in the fight against this virus". Some charities will also be able to refer people to the service.

27 March 2020
US stops enforcing many environmental laws, citing pandemic
However, Michael Brune, executive director of Sierra Club, indicated that the move may be challenged in the courts. The "enforcement discretion policy" applies retroactively to March 13, with no end date set yet.

27 March 2020
Coronavirus impact: IMF projects fall in global output in 2020
Governments in emerging markets, which have suffered an exodus of the capital of more than $83 billion in recent weeks, can cover much of that, but "clearly the domestic resources are insufficient" and many already have high debt loads.

27 March 2020
London hospitals facing tsunami of coronavirus patients: NHS official
London has found itself at the epicentre of the country's epidemic as controversy rages over the adequacy of protective measures. However, the official statistics are thought to represent only a fraction of the actual number of infections across Britain.

27 March 2020
Wazzu safety Beekman found dead
Per Washington State's site, Beekman wore No. 26 with the Cougars to pay tribute to previous NFL All-Pro security Sean Taylor. Arizona Western College is deeply saddened by his loss and sends our deepest sympathies to Bryce's family and loved ones".

27 March 2020
More than 1,000 USA coronavirus deaths, near 70,000 cases: tracker
On the world stage, only Germany has done a better job with keeping its confirmed-case death rate below that of the United States. Israel halted on Thursday all train services, while keeping bus lines on a limited scale for transporting essential workers.

27 March 2020
Wuhan no longer at 'high risk' due to coronavirus
One example included a family of three in Wuhan, who after having made full recoveries, all later tested positive again. Guangdong officials also suggested the people in close contact with such recovered patients weren't infected by them.