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US Jobless Claims Rise to 885,000

Associated Press WASHINGTON (AP) The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy s recovery from its springtime collapse. The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed that nine months after the virus paralyzed the economy, many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home. The number of claims was much higher than the 800,000 that economists had expected. Before the coronavirus erupted in March, weekly jobless claims had typically numbered only about 225,000. The far-higher current pace reflects an employment market under stress and diminished job security for many.

U S unemployment hits highest point since September

U.S. unemployment hits highest point since September A Help Wanted sign is posted at a Designer Eyes store at Brickell City Centre, Friday, Nov. 6, 2020, in Miami. The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutti The labor market outlook is bleak as the winter wave of the virus is going to lead to more shutdowns. Posted: Dec 17, 2020 11:58 AM Posted By: Mike Bunge WASHINGTON (AP) The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy s recovery from its springtime collapse.

Without help, millions of Americans will be completely out of savings soon, study finds

Without help, millions of Americans will be completely out of savings soon, study finds
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