Unemployment Doom: Jobless Claims Jump To 1.1mn, 80k More Than Expected

Might wanna get that there stimulus passed.

Retards

Thanks, Democrats, for crashing our economy with your Covid hoax.

Free shit army heard they were extending the UE benefits...worthless fucking eaters!! Get a damn job....

There's like 50 million unemployed Americans right now.

You think there are jobs available for all of them?

Keep your mouth shut you useless retired booma who is leeching off the taxpayers.

Trump is the one who crashed the economy, he said so on the AXIOS interview. "I shut it down to save millions of lives" Get your head out of the sand.

WASHINGTON (Sputnik) - Just over 1.1 million Americans filed for jobless benefits last week, the Labour Department said on Thursday, even with no certainty on when they would be paid amid a continued fight in Congress between President Donald Trump’s Republican party and its Democrats rivals on what the compensation should be.

“In the week ending August 15, the advance figure for seasonally adjusted initial claims was 1,106,000,” the Labor Department said in a news release. The latest number brought new weekly claims back above the 1 million mark after they briefly fell below that line in the previous week to Aug 8.

Continuous weekly claims, however, showed filings from 14.84 million Americans, down from the previous week’s 15.49 million. The insured unemployment rate also dropped slightly to 10.2 percent for the week ending August 15, from the previous week's unrevised rate of 10.6 percent.

As the labour market continues to struggle under the weight of the pandemic, Republican and Democrat lawmakers remain at odds on what the laid-off workers should be getting as a weekly benefit under an upcoming coronavirus relief bill.

Trump signed on August 8 an executive order that jobless Americans be paid $400 weekly under an upcoming coronavirus stimulus bill, arguing that the $600 they got a week previously was “too generous” to the extent of preventing them from returning to work despite most businesses having reopened and operating regular hours, albeit with social distancing and other safety precautions.

The president, standing for re-election in November, needs as many Americans working as possible to revive the US economy from a record decline of nearly 33 percent in the second quarter, and a new coronavirus bill is seen as key to his plan.

Congress has so far passed four phases of the Coronavirus Aid, Relief and Economic Security (CARES) Act that have approved roughly $3 trillion to disburse as loans and grants to businesses, paycheck protection for workers and personal aid to qualifying US citizens.

[link to sputniknews.com (secure)]

Continuing claims, week ended Aug. 8: 14.844 million vs. 15 million expected vs. 15.48 million during the prior week

pin worthy dude

still 500k more people went back to work than filed

He's wrong. It was mainly Democrat governors and mayors.

NO FUCKIN SHIT

those jobs aren’t coming back

Once everyone burns through what they saved from the 600 $ pandemic assistance they will reapply

Most of them don’t have jobs to go back to

Lots of businesses closed for good around here. Especially restaurants and mom and pop stores.

cutting ue off like they did then lost 100k more jobs.
i suspect they are trying to find the ue sweetspot.this is about ubi but they wont say it.
odds are the next ue will be half to 300 a week and they will see if the layoffs stabilize.then keep bumping up or down until they find a level number where layoffs stop.

and markets are up...

Banks have to go through a stress test from time to time...this was yours...

I hope people learn from this and begin to save for 18 months worth of living expenses...that includes a business as well...

Thread: BREAKING: I Guarantee You Cult Members Are So Brainwashed That You Will One Star This Thread After Reading The Irrefutable Proof Inside

Marjorie is all butthurt cause her kid told her to fuck off and shes blaming Trump.
In Marjorie’s mind it really is the end of the world.



Orangeman Bad?

So it's Doom that job lose is 7.2% higher than expected this week.

Not that the economy was purposely crashed and halted and over 50% of small business does will be closed forever. And larger corporations were allowed to control larger portions of market share and recieved government bailout. And we have printed a decade of debt to purchase large market caps of large corporations that cause massive inflation.

But I guess the 7% makes a difference huh.

Yet the rigged stock market just keeps going up. Everyone is so corrupt from the President on down. America is finished. Greed has got the best of ManKind

[link to www.youtube.com (secure)]

95% of it is in democrat run states

What executive order closed down jobs? What federal law is preventing people from engaging in normal commerce right now compared to Feb 2020?

Just depends on the industry. My employer has been at record manufacturing output all year. We are building multi-million dollar facilities to expand (and bring back jobs from Asia) and we are looking at a 20%+ profit sharing for this year.

Also, your 80K jobs is only 8% more than what the estimate was. Not earth shattering like the title tries to make it.

its always more or less than "expected"

so who sets the "expectations" to begin with? cause they are about as good at their job as weathermen are.

I would love to know the number of those filing unemployment that are purely mooching. It has to be a pretty decent number. Free shit lazy fucks cashing in and abusing the system.