New claims for unemployment aid remain elevated in Maine

New claims for unemployment aid remain elevated in Maine”

New applications for USA jobless benefits were barely changed last week, the Labor Department said Thursday, as the economy continues to struggle in its recovery from the coronavirus shutdowns earlier this year. The number of claims can exceed the number of people filing for benefits because of overlap between state and federal aid programs.

In contrast, continuing unemployment claims dropped to 10.98 million.

"Let's hope we soon break below the 800k mark in initial claims soon because hanging around the 800k+ level is still not a good place to be, especially going into the winter", Peter Boockvar, chief investment officer at Bleakley Advisory Group, said in a client note.

The slight drop in new claims underscores the gradual improvement that the labor market has seen since the initial lockdowns of the pandemic eased.

New US jobless claims almost flat at 840000 - Economy - Business

And the data remains complicated by California's two-week pause on processing new claims, with the country's most-populous state providing an outdated level that will be revised in future reports. Even so, recent layoff announcements from companies including Walt Disney Co. and Allstate well as multiple airlines could start showing up in the numbers in the coming weeks.

"The suffering facing the unemployed still reaches far and wide, and the failure to provide any aid for American workers will reverberate throughout the economy", Stettner said.

New applications for unemployment benefits have gradually receded from a pandemic peak of 6.9 million in late March but the weekly total has fallen by less than 100,000 in the past month. Unemployment typically increases as the weather cools and tourists disperse.

The total number of Americans claiming Pandemic Unemployment Assistance - a federal program for self-employed and gig workers - decreased by 433,500 to 11.4 million in the week ended september 19, while initial filings dropped by 44,270 last week to about 464,400.

More news: North Korea ex-ambassador to Italy defected to South: Lawmakers

Like this



09 October 2020
OnePlus 8T render shows smartphone in Lunar Silver and Aquamarine colors
While, the OnePlus 8T has a flat screen, it will have a curved glass back panel that cuts into the frame of the device slightly. OnePlus has finalized the current iteration after testing out various colors, materials, and finishes for over four months.

09 October 2020
Morgan Wallen pulled from performing on 'SNL' after singer broke 'COVID protocols'
The 27-year-old admitted that he has "some growing up to do", and that he was seeking "joy in the wrong places". I'd like to apologize to SNL , to my fans, to my team for bringing me these opportunities, and I let them down.

09 October 2020
Covid can be airborne, US CDC guidelines now say
Further, public health directives are inevitably going to shift along with that understanding - also a social good. Employers should take this guidance and compare it to their current COVID-19 response plans and procedures.

09 October 2020
Lewis Hamilton Concerned By Mercedes Positive COVID-19 Test
Mercedes are keeping the identity of the individual secret but it is understood he is not a high-ranking member of the team. They will also be sidelined from the 11th round of the campaign if they have contracted the disease.

09 October 2020
Tory Lanez Suggests Megan Thee Stallion Lied About Shooting
" Tory Lanez , poor decision brother dropping that project", Rick said in an Instagram story on September 25. This certainly won't be the last we hear about the shooting .

09 October 2020
Harris assails Trump virus ‘failure’ in civil debate
The US president called "unlikeable" and claimed she did terribly during the debate with Vice President Mike Pence , who is his running mate.

09 October 2020
Pixel 4a pricing in India revealed - and OnePlus should be anxious
If you have a Google Home, Nest Mini or even a Nest Hub, you can easily make Nest Audio the center of your home sound system. Ahead of the official release, the tech giant announces the India pricing for the Pixel 4a and Nest Audio smart speaker .

09 October 2020
Boeing Test Flight: Astronaut Steps Down From Mission For 'Personal Reasons'
Two NASA test pilots returned to earth in August to close out SpaceX's first crew mission. Wilmore has spent a total of 178 days in space over the course of two missions.

09 October 2020
Finau withdraws from Las Vegas PGA event after positive Covid-19 test
Open three weeks ago, disclosed via Twitter on Tuesday that he tested positive via the PGA Tour's weekly protocols at the event. Finau's positive test result was the first since Scottie Scheffler and Sam Horsfield ahead of the U.S.

09 October 2020
Pikmin 3 Deluxe demo now available
Piklopedia: Unlock profile entries for each character and find out their unique perspectives on each creature you discover. The Pikmin 3 demo releases October 7 on the eShop, and the full game will launch October 30 for Nintendo Switch.