Economy

About 1.5 million more people applied for unemployment benefits in the USA

1.5 Million More Americans File For Unemployment Benefits | Morning Joe | MSNBC

About 1.5 million more people applied for unemployment benefits in the USA

The number of applications for benefits has been falling for the 14th week in a row

US jobless claims fell again last week despite new coronavirus outbreaks that could disrupt the American economy again.

The Labor Department said Thursday that approximately 1.5 million Americans applied for benefits last week. This indicator has been steadily declining for the 14th week in a row, however, compared to the last two weeks, the changes are not so significant: then there were just over 1.5 million calls.

The number of people in need of benefits has dropped significantly compared to the figure recorded at the end of March – 6.9 million. However, economists warn that full economic recovery will take a long time..

In total, 47 million people have applied for benefits since mid-March – more than a quarter of the American workforce. At the moment, the number of people receiving benefits has dropped to 19.5 million.

The number of new cases of coronavirus infection has been on the rise recently, especially in the southern part of the country, which was not affected as badly as New York and the northern states in the early stages of the pandemic..

Apple has closed previously opened stores in four states – Florida, South Carolina, North Carolina and Arizona. Seven Apple stores in Houston, Texas also closed on Wednesday.

In some states and municipalities, authorities have announced cuts amid the pandemic. Macy’s department store chain cuts staff by 3 percent.

President Donald Trump and members of Congress are discussing the possibility of taking additional measures to stimulate the economy, but so far they have not been able to reach a consensus on how much money should be allocated and to whom..

$ 600 Federal Unemployment Insurance Benefit Expires In Five Weeks.

Trump said this week that he supports the idea of ​​new payments to the majority of taxpayers, although some Republicans have expressed concern about the growth of the national debt, which has already exceeded $ 26 trillion. According to Trump, we are talking about payments of $ 1,200.

“We will adopt another stimulus package,” he said in an interview..About 1.5 million more people applied for unemployment benefits in the USA “He will be very generous.”.

Treasury Secretary Steven Mnuchin told reporters that “various ideas are being discussed, which may require another bill to be implemented.” However, he warned that this time more targeted measures are needed, focused on supporting employment..

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