June 4, 2023

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Covid cases top 5.5m as Joe Biden prepares for big DNC night – US politics live

More bad news on the US economy. The number of people applying for unemployment benefits climbed back over 1 million last week as the coronavirus continued to take a devastating toll on the job market.

The labor department announced that it received 1.1m claims for benefits last week, an increase of 135,000 from the previous week’s revised level.

Weekly applications for unemployment benefits had dipped below one million the previous week for the first time since March. Before the pandemic hit the US the record for weekly claims was 695,000, set in 1982.

US Labor Department

Unemployment Insurance Weekly Claims

Initial claims were 1,106,000 for the week ending 8/15 (+135,000).

Insured unemployment was 14,844,000 for the week ending 8/8 (-636,000).https://t.co/ys7Eg5LKAW

August 20, 2020

Major international market reactions will be picked up as ever by our business live blog.

Original News : https://www.theguardian.com/us-news/live/2020/aug/20/joe-biden-covid-19-coronavirus-donald-trump-kamala-harris-barack-obama-dnc-democratic-national-convention-us-politics-live

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