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709,000 new unemployment claims filed in the US amid COVID-19 spike

709,000 new unemployment claims filed in the US amid COVID-19 spike

The feds reported on Thursday that with the labor market continuing to post a slow recovery which is further threatened by a dangerous new wave of coronavirus infections, as many as 709,000 Americans applied for unemployment benefits last week. This brings the number filed during the COVID-19 pandemic to a seasonally adjusted total of more than 67.4 million.

Tom A
Tom A
porcus
porcus 2 months

Thanks Democrats. Way to show leadership and problem solving skills. Sounds an awful lot like a repeat of FDR's disastrous policies leading to the Great Depression.

Alex Stovall
Alex Stovall 2 months

Lockdowns do more damage than covid itself. If we locked down once and it didn’t work what makes us think it will work a second time

M. Schlegel
M. Schlegel 2 months

I don’t get it, wasn’t it supposed ti go away several months ago? Wasn’t it just all a hoax? Why are people dying and othera getting unemployed? I thought it was dive cases and than soon no cases at all?

John W
John W 2 months

Yea it's not covid but the shutdowns, you are trading 1% chance of covid for bread lines, and homelessness. If President-elect Biden shuts down the US economy, the Dow would drop nearly 4,000 points: strategist https://finance.yahoo.com/news/if-biden-shuts-down-the-us-economy-the-dow-would-drop-nearly-4000-points-strategist-183358871.html

John W
John W 2 months

WHO now warns against lockdowns due to extreme economic damage https://www.kusi.com/who-now-warns-against-lockdowns-due-to-extreme-economic-damage/

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