Initial unemployment claims rise mississippivalleypublishing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mississippivalleypublishing.com Daily Mail and Mail on Sunday newspapers.
Stock market news live updates: S&P 500, Dow post back-to-back sessions of gains as traders shrug off disputes in Washington Emily McCormick
Stocks rose Thursday as traders looked beyond new hurdles to key stimulus and spending bills in Washington.
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Each of the three major indices ended the session higher, and both the S&P 500 and Dow rose for a second straight day. The real estate and information technology sectors led gains in the blue-chip index, while the energy sector lagged.
The U.S. stock market closed early at 1 p.m. on Thursday, and the bond market will close at 2 p.m. in observation of Christmas Eve. Both the stock and bond markets will close all day on Friday for Christmas Day.
Dec 24, 2020
WASHINGTON (AP) The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S. economy into recession and caused millions of layoffs.
The latest figure, released Wednesday by the Labor Department, shows that many employers are still cutting jobs as the pandemic tightens business restrictions and leads many consumers to stay home. Before the virus struck, jobless claims typically numbered around 225,000 a week before shooting up to 6.9 million in early spring when the virus and efforts to contain it flattened the economy. The pace of layoffs has since declined but remains historically high in the face of the resurgence of COVID-19 cases.
Maine jobless claims remain high amid virus surge thecentersquare.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecentersquare.com Daily Mail and Mail on Sunday newspapers.
But the state still lost thousands of jobs last month. By Graham Kilmer - Dec 23rd, 2020 05:27 pm //end headline wrapper ?>Get a daily rundown of the top stories on Urban Milwaukee
On March 19th, the downtown Milwaukee Punch Bowl Social laid off 91 employees. Photo by Jennifer Rick.
Wisconsin’s unemployment rate went down in November, but so did the number of jobs in the state.
The unemployment rate for the state was 5%, according to the Department of Workforce Development. This was a drop from the October unemployment rate of 6%. But the state also lost approximately 4,900 jobs last month.
The state’s labor force participation rate, which is a measure of the percentage of the available workforce that is either employed or actively seeking employment, also dropped in November from 67.4% to 66.9 percent.