US unemployment

Claims climb past one million for second week in a row

While the US has gained jobs over the last three months, millions more still remain out of work

New applications for unemployment have remained stubbornly high for months even as the number of coronavirus cases are declining

.biz
BIZ PRESS GROUP

One million people filed for unemployment benefits last week in the US as the coronavirus pandemic continued to take a historic toll on the job market. It was the second week in a row that claims passed the million mark after briefly dipping below that figure in early August.

New applications for unemployment have remained stubbornly high for months even as the number of coronavirus cases are declining. At about 1m claims a week they are five times as high as the average 200,000 weekly claims before the pandemic.

In the week ending 22 August just over 1m claims were filed, 98,000 fewer than the previous week.

While the US has gained jobs over the last three months, millions more still remain out of work and the ongoing economic impact of the pandemic is spreading. Initially the job losses fell most heavily on the service, leisure and hospitality industries as restaurants, bars and hotels closed down.

The impact of the recession is now spreading. This week American Airlines announced it would cut 19,000 jobs by 1 October and Delta said it furlough more than 1,900 pilots unless it can reach a cost cutting deal with unions. United Airlines announced earlier this summer that it could cut 36,000 positions later this year.

“Though we are seeing a meaningful decline in new Covid-19 cases, the trends in economic indicators have not changed significantly. There continue to be signs that the recovery is slowing at best and at worst is reversing somewhat,” BofA Global Research said in an investors note. “We likely need to see daily Covid-19 cases decline much more significantly in order for gains in economic activity to accelerate meaningfully.”

Read more

A notorious troll works for Dr. Fauci’s agency

The managing editor of the prominent conservative website RedState has spent months trashing U.S. officials tasked with combating COVID-19, dubbing White House coronavirus task force member Dr. Anthony Fauci a “mask nazi,” and intimating that government officials responsible for the pandemic response should be executed.

How CDC takes the citizens for a ride

The U.S. Centers for Disease Control pulled new guidelines acknowledging the new coronavirus could be transmitted by tiny particles that linger in the air, saying a draft version of proposed changes was posted in error on the agency’s website. For months, the CDC said the new coronavirus is primarily transmitted between people in close contact through large droplets that land in the mouths or noses of people nearby. On Friday, however, it added that tiny particles known as aerosols could transmit the virus.

“That’s Their Problem”

First-person accounts of a tense meeting at the White House in late March suggest that President Trump’s son-in-law resisted taking federal action to alleviate shortages and help Democratic-led New York. Instead, he enlisted a former roommate to lead a Consultant State to take on the Deep State, with results ranging from the Eastman Kodak fiasco to a mysterious deal to send ventilators to Russia.

Nearly two-thirds unaware 6m Jews killed

Almost two-thirds of young American adults do not know that 6 million Jews were killed during the Holocaust, and more than one in 10 believe Jews caused the Holocaust, a new survey has found, revealing shocking levels of ignorance about the greatest crime of the 20th century.