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US layoffs remain elevated as 837,000 seek jobless aid

27 days ago   |   By NY Daily News

“Unless employment growth picks up, or additional aid is extended, consumer spending is at risk of slowing dramatically,” said Gregory Daco, an economist at Oxford Economics.
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US layoffs remain elevated as 837,000 seek unemployment aid

27 days ago   |   By ABC

Many employers, especially small retailers, hotels, restaurants, airlines and entertainment venues, are still struggling.
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US layoffs remain elevated as 837,000 seek jobless aid

US layoffs remain elevated as 837,000 seek jobless aid

27 days ago   |   By WGN TV

WASHINGTON - The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
The Labor Department's report, released Thursday , suggests that companies are still cutting a historically high number of jobs, though the weekly numbers have become less reliable as states have increased their efforts to root out fraudulent claims and process earlier applications that have piled up.
For example, California, which accounts for more than one-quarter of aid applications...
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US layoffs remain elevated as 837,000 seek jobless aid

27 days ago   |   By Boston Herald

By CHRISTOPHER RUGABER
WASHINGTON - The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
The Labor Department's report, released Thursday, suggests that companies are still cutting a historically high number of jobs, though the weekly numbers have become less reliable as states have increased their efforts to root out fraudulent claims and process earlier applications that have piled up.
For example, California, which accounts for more than...
Read more ...

 


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Dow craters 943 points in worst day since June as virus spike spurs new...

Dow craters 943 points in worst day since June as virus spike spurs new lockdowns

Summary List Placement US stocks cratered on Wednesday after a continued spike in COVID-19 cases prompted a new round of lockdowns in Europe. A 40% surge in COVID-19-related... Read more ...

Spotify reportedly emails managers after podcaster Joe Rogan hosts...

Spotify reportedly emails managers after podcaster Joe Rogan hosts conspiracy theorist Alex Jones: 'We are not going to ban specific individuals from being guests'

Summary List Placement Spotify emailed managers talking points to help field questions from employees following podcaster Joe Rogan's controversial decision to have conspiracy... Read more ...

Home Depot's Black Friday sale starts November 6, but you can already see...

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Trump says 'hopefully' states won't be allowed to count ballots after...

Trump says 'hopefully' states won't be allowed to count ballots after Election Day, which is a normal part of the electoral process

Summary List Placement President Donald Trump on Wednesday said that he hoped courts would stop states from counting ballots after Election Day, though it's a normal and legal... Read more ...

Nancy Pelosi says the stock market slide could force Trump to quickly...

Nancy Pelosi says the stock market slide could force Trump to quickly negotiate a large stimulus deal

Summary List Placement House Speaker Nancy Pelosi said on Wednesday that the recent stock market slide could push President Donald Trump to seek a large economic rescue... Read more ...

Republicans used a Senate hearing to criticize tech CEOs for fact-checking...

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Summary List Placement The CEOs of Facebook, Google, and Twitter were subpoenaed to testify before Congress on Wednesday about Section 230 , a foundational law of the internet... Read more ...

Why A Champion For The Very Poor Is Not Pessimistic. In Fact, He's Optimistic!

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Steve Davis lays out the reasons for his rosy outlook In his new book: Undercurrents: Channeling Outrage to Spark Practical Activism. (Image credit: Portrait by Stuart Isett... Read more ...

Hundreds of Trump rallygoers were stranded in the cold because there...

Hundreds of Trump rallygoers were stranded in the cold because there reportedly weren't enough buses to transport them back to their cars

Summary List Placement Hundreds of supporters at a rally for President Donald Trump Tuesday night were reportedly stranded in the cold in Omaha, Nebraska. After Trump departed... Read more ...

Sen. Brian Schatz said the Senate's hearing with tech CEOs is a 'sham' and...

Sen. Brian Schatz said the Senate's hearing with tech CEOs is a 'sham' and used his time to criticize Republicans rather than ask any questions

Summary List Placement Sen. Brian Schatz called Wednesday's virtual Senate hearing a "sham" and criticized Republicans instead of asking the CEOs of Google, Twitter, and... Read more ...

Facebook CEO Mark Zuckerberg had trouble connecting to Wednesday's virtual...

Facebook CEO Mark Zuckerberg had trouble connecting to Wednesday's virtual Section 230 hearing

Summary List Placement Facebook CEO Mark Zuckerberg had trouble connecting to a virtual Senate hearing Wednesday, which was scheduled to discuss Section 230 protections... Read more ...