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US weekly jobless claims slide to 900,000 as coronavirus fallout continues into the Biden presidency

1 month ago   |   By Business Insider

Summary List Placement Filings for US unemployment benefits declined last week as America's labor-market recovery made sluggish progress amid elevated COVID-19 case counts.
New US jobless claims totaled an unadjusted 900,000 for the week that ended Saturday, the Labor Department announced Thursday. Economists surveyed by Bloomberg expected 935,000 filings for the period. The reading lands below the previous week's revised sum of 926,000. The report also marks the first decline in four weeks.
Continuing claims, which track Americans receiving unemployment benefits, slid to 5.1 million for...
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US jobless claims decline to a still-high 900,000

US jobless claims decline to a still-high 900,000

1 month ago   |   By WGN TV

WASHINGTON - Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.
The Labor Department's report Thursday underscored that President Joe Biden has inherited an economy that faltered this winter as virus cases spiked, cold weather restricted dining and federal rescue aid expired. The government said that 5.1 million Americans are continuing to receive state jobless benefits, down from 5.2 million in the previous week. That signals that fewer people who are out of work are...
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US workers file 900,000 new jobless claims as COVID-19 total tops 75 million

US workers file 900,000 new jobless claims as COVID-19 total tops 75 million

1 month ago   |   By New York Post

Americans filed 900,000 applications for unemployment benefits last week, a signal that layoffs are still going strong as the coronavirus hammers businesses and workers alike.
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Biden urges Senate to take 'quick action' on coronavirus relief package

Biden urges Senate to take 'quick action' on coronavirus relief package

President Joe Biden on Saturday called for the Senate to quickly pass his $1.9 trillion coronavirus relief package, which the House approved early Saturday morning. “I hope it... Read more ...

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