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New jobless claims surge in Illinois; More than 107,000 file initial claims while continuing claims also rise

$400 more coming to 120k Oklahomans as jobless claims rise 55% from last week

US jobless claims spike to 853,000 while Congress stalls further aid

US jobless claims spike to 853,000 while Congress stalls further aid Historic job losses continued in the US with the latest initial unemployment claims from the Department of Labor revealing 853,000 first-time claims for the week ending Dec. 5, a week-to-week increase of 137,000 from last week’s revised total of 716,000. In addition to state claims, 427,609 initial claims were filed for the Pandemic Unemployment Assistance (PUA) program, once again bringing the total claims between state and federal programs to nearly 1.3 million. Since March 21, combined state and federal claims have exceeded 1 million every week. Overall, 70 million claims have been filed since mid-March, nearly seven times all the claims filed in 2019, a staggering figure that has no historical equivalent since the Labor Department began tracking initial unemployment claims in January 1967. The 853,000 claims this week exceeded bourgeois economists’ expectations and are the highest since the week of Sept.

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