Jobless claims total 2.4 million, still elevated levels but a declining pace from previous weeks - VietBF
 
 
 

HOME

NEWS 24h

ZONE 1

ZONE 2

Phim Bộ

Phim Lẻ

Ca Nhạc

Breaking
News Library Technology Giải Trí Portals Tin Sốt Home

Go Back   VietBF > USA NEWS > USA News in English


Reply
 
Thread Tools
  #1  
Old  Default Jobless claims total 2.4 million, still elevated levels but a declining pace from previous weeks
First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market.



Economists surveyed by Dow Jones had been looking for 2.4 million claims.

The seasonally adjusted total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of a declining pace following the record peak of 6.9 million in late March.

In addition, a review from last week brought the number down substantially, from 2.98 million to 2.69 million. In the nine weeks since the coronavirus-induced lockdown has closed large parts of the U.S. economy, some 38.6 million workers have filed claims.

The level of continuing claims painted a clearer picture of how unemployment is persisting even as states are increasingly taking steps to bring their economies back on line. The total for the week ending May 9 was 25.07 million, an increase of 2.52 million from the previous week.

The four-week moving average also increased sharply, jumping by 2.3 million to just above 22 million.

Markets reacted little to the news, with Wall Street indicating a modestly lower open for stocks.

“Net, net, the states may be opening back up, but the labor market is still closed for millions across America and the loss of the income and spending of those without jobs will be a considerable headwind for this economic recovery,” said Chris Rupkey, chief financial economist at MUFG Union Bank.

At the state level, the biggest drop came in Georgia, which saw a decline of 66,224 from a week earlier, according to data not adjusted for seasonal factors. The biggest gain was in California, which saw an increase of 33,448.

Though the total national numbers are on the decline, the unemployment numbers remain staggering and well beyond anything the U.S. has seen before. Along with the 25 million unemployed as indicated by the continuing claims, there are another 2.23 million claims under the Pandemic Unemployment Assistance program and 167,727 under the Pandemic Emergency Unemployment program.

The programs provide funding for states to pay up to 39 weeks of unemployment benefits for workers who either aren’t eligible for standard benefits or have exhausted their regular compensation.
VIETBF Diễn Đàn Hay Nhất Của Người Việt Nam

HOT NEWS 24h

HOT 3 Days

NEWS 3 Days

HOT 7 Days

NEWS 7 Days

HOME

Breaking News

VietOversea

World News

Business News

Car News

Computer News

Game News

USA News

Mobile News

Music News

Movies News

History

Thơ Ca

Sport News

Stranger Stories

Comedy Stories

Cooking Chat

Nice Pictures

Fashion

School

Travelling

Funny Videos

Canada Tin Hay

USA Tin Hay

tctd
R8 Võ Lâm Chí Tôn
tctd's Avatar
Release: 05-21-2020
Reputation: 171875


Profile:
Join Date: Apr 2012
Location: Greenland
Posts: 17,545
Last Update: None Rating: None
Attached Thumbnails
Click image for larger version

Name:	106547125-1590064408599-20200521_initial_claims_week_may_16.png
Views:	0
Size:	17.3 KB
ID:	1585798
tctd_is_offline
Thanks: 21,821
Thanked 21,145 Times in 9,661 Posts
Mentioned: 232 Post(s)
Tagged: 0 Thread(s)
Quoted: 4909 Post(s)
Rep Power: 38 tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9
tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9tctd Reputation Uy Tín Level 9
The Following User Says Thank You to tctd For This Useful Post:
Lan-Anh (05-21-2020)
Old 05-21-2020   #2
dnguyen1
R6 Đệ Nhất Cao Thủ
 
dnguyen1's Avatar
 
Join Date: Jun 2011
Location: Texas
Posts: 4,435
Thanks: 9,958
Thanked 7,850 Times in 2,682 Posts
Mentioned: 19 Post(s)
Tagged: 0 Thread(s)
Quoted: 885 Post(s)
Rep Power: 25
dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9
dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9dnguyen1 Reputation Uy Tín Level 9
Default

Great news!!!
dnguyen1_is_offline   Reply With Quote
Reply

User Tag List


Những Video hay hiện nay N1
Best Videos around the world today
Youtube Videos

 
iPad Tablet Menu

HOME

Breaking News

Society News

VietOversea

World News

Business News

Other News

History

Car News

Computer News

Game News

USA News

Mobile News

Music News

Movies News

Sport News

ZONE 1

ZONE 2

Phim Bộ

Phim Lẻ

Ca Nhạc

Thơ Ca

Help Me

Sport Live

Stranger Stories

Comedy Stories

Cooking Chat

Nice Pictures

Fashion

School

Travelling

Funny Videos

NEWS 24h

HOT 3 Days

NEWS 3 Days

HOT 7 Days

NEWS 7 Days

HOT 30 Days

NEWS 30 Days

Member News

Tin Sôi Nổi Nhất 24h Qua

Tin Sôi Nổi Nhất 3 Ngày Qua

Tin Sôi Nổi Nhất 7 Ngày Qua

Tin Sôi Nổi Nhất 14 Ngày Qua

Tin Sôi Nổi Nhất 30 Ngày Qua
Diễn Đàn Người Việt Hải Ngoại. Tự do ngôn luận, an toàn và uy tín. Vì một tương lai tươi đẹp cho các thế hệ Việt Nam hãy ghé thăm chúng tôi, hãy tâm sự với chúng tôi mỗi ngày, mỗi giờ và mỗi giây phút có thể. VietBF.Com Xin cám ơn các bạn, chúc tất cả các bạn vui vẻ và gặp nhiều may mắn.
Welcome to Vietnamese American Community, Vietnamese European, Canadian, Australian Forum, Vietnamese Overseas Forum. Freedom of speech, safety and prestige. For a beautiful future for Vietnamese generations, please visit us, talk to us every day, every hour and every moment possible. VietBF.Com Thank you all and good luck.


All times are GMT. The time now is 06:08.
VietBF - Vietnamese Best Forum Copyright ©2006 - 2024
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Log Out Unregistered

Page generated in 0.06200 seconds with 12 queries