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August 14, 2020

For First Time Since Covid Shutdowns, Weekly Jobless Claims Fall Below One Million

Light at the end of the tunnel?

First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the coronavirus pandemic.
The total claims of 963,000 for the week ended Aug. 8 were well below the estimate of 1.1 million from economists surveyed by Dow Jones. That represented a decline of 228,000 from the previous week’s total.

Jobless claims had totaled above 1 million for 20 consecutive weeks as the U.S. economy went into lockdown to contain Covid-19. The last time the total was below that number was March 14, with 282,000, just as the pandemic declaration first hit.

Below, Pence notes that the Trump/Pence administration posted more new jobs the last three months than in all of Obama/Biden's eight years in office.

We’ve created more jobs in the last 3 months than Joe Biden and Barack Obama created in their 8 years in office. pic.twitter.com/kwk5YhL3TJ
— Mike Pence (@Mike_Pence) August 13, 2020

posted by Ace at 04:47 PM

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First-time claims for unemployment insurance last week fell below 1 million for the first time since March 21 in a sign that the labor market is continuing its recovery from the coronavirus pandemic. The total claims of 963,000 for the week ended Aug. 8 were well below the estimate of 1.1 million from economists surveyed by Dow Jones. That represented a decline of 228,000 from the previous week’s total. Jobless claims had totaled above 1 million for 20 consecutive weeks as the U.S. economy went into lockdown to contain Covid-19. The last time the total was below that number was March 14, with 282,000, just as the pandemic declaration first hit. Below, Pence notes that the Trump/Pence administration posted more new jobs the last three months than in all of Obama/Biden's eight years in office. We’ve created more jobs in the last 3 months than Joe Biden and Barack Obama created in their 8 years in office. pic.twitter.com/kwk5YhL3TJ — Mike Pence (@Mike_Pence) August 13, 2020 posted by Ace at 04:47 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments comradearthur: "> Not sure how many of those arrested were student ..." Lurking Cheshirecat: "Re. 202 Even more the reason to send them there ..." Ben Had: "That 9 billion doesn't include the 320 million f ..." 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