news 1 month ago

1.2 Million Americans Filed for First-Time Unemployment Benefits Last Week

Wibbitz - News
1.2 Million Americans , Filed for First-Time Unemployment Benefits Last Week. The numbers mark the 20th week in a row that more than one million people filed for first-time unemployment benefits. The data was released by the Department of Labor on Thursday. 1.2 million unemployment filings is a decline from the previous two weeks. The number is also slightly lower than economists' expectations of 1.4 million. But with recent surges of coronavirus occurring around the country, major companies continue to announce layoffs. It is clear that many job losses are now permanent, and it will be challenging for many workers to find new jobs and feel safe taking jobs that are public-facing, Andrew Challenger, Economist, via NBC News. Federal lawmakers and White House officials continue to negotiate a compromise on a new stimulus package