Tuesday, June 6, 2023
No Result
View All Result
  • বাংলা সংস্করণ
Shomporko
Advertisement
  • Home
  • News
    • Daily News
    • Feature
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Health
  • Global
  • Bangladesh
  • Interview
  • Article
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • Opinion
    • Columnists
  • More
    • Food & Beverage
    • HISTORY
    • Kids Page
    • Travel
    • HOME DECOR
    • Video
    • Social Media
    • Festival
  • Home
  • News
    • Daily News
    • Feature
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Health
  • Global
  • Bangladesh
  • Interview
  • Article
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • Opinion
    • Columnists
  • More
    • Food & Beverage
    • HISTORY
    • Kids Page
    • Travel
    • HOME DECOR
    • Video
    • Social Media
    • Festival
No Result
View All Result
Shomporko
No Result
View All Result
Home Global

Number of new U.S. jobless claims dips below 1M for 1st time during the pandemic

by Shomporko
August 14, 2020
in Global
0
Number of new U.S. jobless claims dips below 1M for 1st time during the pandemic
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

Shomporko Desk:-Around 963,000 Americans filed for government jobless benefits in the week up to Aug. 8, a decay of very nearly a fourth of a million people from the level hit toward the finish of July and the first run through the figure has come in below the million marks since the COVID-19 pandemic started in March.

The Department of Labor said Thursday that the proceeding with claims figure — which arranges the individuals who were getting benefits previously and kept on doing as such — fell by more than 600,000 to simply over 15.4 million individuals.

While the lower numbers are encouraging, they should be taken with a grain of salt because they come from the first week after the U.S. government ended a previous program that paid out $600 US to Americans left jobless because of the virus.

That’s the equivalent of $15 an hour for full-time work and is far more generous than the payout now available in most places. On Saturday, President Donald Trump signed an executive order that would make the payout $400, but it has yet to be implemented because of ongoing rancour in Washington.

So the lower number could be partly a result of fewer people filing because of the lower payout, not because they have found work. As Bank of Montreal economist, Jennifer Lee put it, “Maybe there were more jobs available [or] maybe it was due to the expiration of the top-up in unemployment benefits.”

While a figure under 1 million is encouraging, it is still the 20th week in a row in which the jobless figure is higher than the previous record high of 650,000 hits back in the financial crisis in 2009. The new claims figure peaked in the fourth week of March at 6.8 million. In January, the figure started the year at 212,000.

Photo credit: Getty Images

News source: The Associated Press

Previous Post

Flu shot more important than ever during COVID-19 pandemic, expert says

Next Post

Michael Jordan's sneakers sell for US$615,000, a new record

Shomporko

Related Posts

Ukraine-Russia crisis: What to know on hopes of averting war
Dailynews

Ukraine-Russia crisis: What to know on hopes of averting war

February 15, 2022
Miss Universe 2021 is India’s Harnaaz Sandhu
Canada Daily

Miss Universe 2021 is India’s Harnaaz Sandhu

December 13, 2021
Personal information belonging to 25K current and former TTC employees may have been stolen during ransomware attack
Canada Daily

Personal information belonging to 25K current and former TTC employees may have been stolen during ransomware attack

November 9, 2021
27 people aboard Carnival cruise test positive for COVID-19
Global

27 people aboard Carnival cruise test positive for COVID-19

August 13, 2021
California 1st U.S. state to require COVID-19 vaccines for school staff
Canada Daily

California 1st U.S. state to require COVID-19 vaccines for school staff

August 12, 2021
New York Gov. Andrew Cuomo announces resignation over sexual harassment allegations
Global

New York Gov. Andrew Cuomo announces resignation over sexual harassment allegations

August 10, 2021
Next Post
Michael Jordan’s sneakers sell for US$615,000, a new record

Michael Jordan's sneakers sell for US$615,000, a new record

Logo

Disclaimer:

The editorial team is not responsible for the content of the writing.

Publisher and Editor
Sonia Hoque

General Manager

Rewrite-Man

Reporter

Graphics
Mozammel Sarkar

Address:

Shomporko Magazine

59 Byng ave
Scarborough,
Ontario
M1L3N8

Phone :647-686-5432

 

Email: 
shomporko.magazine@gmail.com
2537765 Ontario Ltd

© 2020 Shomporko – Magazine Develop by RMITtech

No Result
View All Result
  • Home
  • NEWS
    • Daily News
    • Feature
    • Global
    • Politics
    • Sports
  • CANADA
    • Canada Daily
    • Community News
    • Canada Politics
    • Canada Economy
    • Canada Immigration
    • Canada Education
    • Canada Health
    • Canada Opinion
  • GLOBAL
  • INTERVIEW
  • ARTICLE
    • Analytical
  • LITERATURE
    • Story
    • Poem
  • OPINION
    • Opinion
    • Columnists
    • Legal Advice
  • ARTS
    • Home Decor
    • Sports
  • LIVING
    • Health
    • Food
    • Travel
    • HISTORY
    • Kids Page
  • MORE
    • Video
    • Social Media
    • Festival
  • বাংলা সংস্করণ

© 2019 Shomporko - Magazine Develop by RMITtech.

Translate »