U S jobless claims rise as labour market recovery remains choppy bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
More Americans Shifting to Hybrid Workplace Model as Spring Recovery Begins
With more states and cities lifting restrictive business measures amid a decline in the number of coronavirus cases, the jobs economy continues to show signs of improvement. Let’s take a look inside the latest jobless claim figures released by the Department of Labor this morning as Rob Bowerman of The Bowerman Group shares his views!
April 1, 2021 – The Labor Department reported this morning that 719,000 Americans filed new claims for state unemployment benefits. Economists surveyed by Bloomberg expected 675,000 filings. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised down by 6,500 from 736,000 to 729,500. The Fed have now reported over 80 million initial jobless claims over the course of the COVID-19 pandemic a number equivalent to roughly 47 percent of the nation’s workforce. Since last February, the United States has l
N C reaches pandemic low for daily unemployment benefit claims over weekend independenttribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independenttribune.com Daily Mail and Mail on Sunday newspapers.
Regular UI: $2.84 Billion
Federal Pandemic Unemployment Compensation ($300/weekly UI benefits to eligible claimants): $3.25 Billion
PEUC (extends unemployment benefits additional 11 weeks): $707.1 Million
State Extended Benefits (extends unemployment benefits an additional 13 weeks): $31.1 Million
Lost Wages Assistance ($300/weekly UI benefits to eligible claimants, fall 2020): $389.2 Million
Total: $8.47 Billion
The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signaling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid spreads through the economy.
The Labor Department said Thursday that the number of claims increased from 684,000 the week before. Though the pace of applications has dropped sharply since early this year, they remain high by historical standards: Before the pandemic flattened the economy a year ago, jobless claims typically ran below 22
Initial jobless claims in Iowa down 5% last week; $13M in benefits paid weareiowa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from weareiowa.com Daily Mail and Mail on Sunday newspapers.