Friday, February 5, 2021


 Unemployment is rising rapidly. I hope all the Trump-haters are happy. From Fox Business:

The number of Americans filing for first-time unemployment benefits last week edged down but remained elevated as the coronavirus pandemic continues to trigger a high number of layoffs. Figures released Thursday by the Labor Department show that 779,000 Americans filed first-time jobless claims in the week ended Jan. 30, lower than the 830,000 forecast by Refinitiv economists.

The number has been stubbornly high for months, hovering around four times the pre-crisis level, although it's well below the peak of almost 7 million that was reached when stay-at-home orders were first issued in March. Almost 70 million Americans, or about 40% of the labor force, have filed for unemployment benefits during the pandemic.

 Continued claims, or the number of Americans who are consecutively receiving unemployment benefits, fell to 4.59 million, a decline of about 193,000 from the previous week. The report shows that roughly 17.8 million Americans were receiving some kind of jobless benefit through Jan. 16, a decrease of 486,405 from the previous week. (Read more.)


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