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unemployment claims

Fifteen states reported a decrease in new jobless claims for the week ending October 10

1 min read

The FINANCIAL — More people filing for regular and longer-term jobless aid, however many people coming off of unemployment. New claims have hovered near 800,000 in the last 5 consecutive weeks. However, the number of people filing for unemployment benefits rose significantly last week. Specifically, the unadjusted new jobless claims totaled 885,885 in the week ending October 10, an increase of 9% from the previous week. However, continued claims, which measure the number of people receiving unemployment checks, fell once again to nearly 10 million by more than 1 million applicants within a week. With continued claims declining for the…

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Fifteen states reported a decrease in new jobless claims for the week ending October 10

1 min read

The FINANCIAL — More people filing for regular and longer-term jobless aid, however many people coming off of unemployment. New claims have hovered near 800,000 in the last 5 consecutive weeks. However, the number of people filing for unemployment benefits rose significantly last week. Specifically, the unadjusted new jobless claims totaled 885,885 in the week…

US GDP plunged nearly 35% as over 50 M Americans filed unemployment

2 mins read

The FINANCIAL — Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. Department of Labor released the data which shows that another 1.4M Americans filed unemployment…