Another 2.1 million Americans filed unemployment claims last week, according to the latest figures from the Labor Department. It’s the eighth week in a row that jobless claims have declined — a good sign — but since President Trump declared a national emergency on March 13, over 40 million Americans have filed for unemployment benefits. The weekly decline in claims is welcome news, especially as some states begin to slowly reopen. But economists fear a second round of layoffs, as jobs are cut across state and local governments. And on Wednesday, Boeing announced a plan to eliminate 12,000 jobs in addition to “several thousand remaining layoffs” in the next few months. Moving forward, all eyes will be on the monthly jobs report coming out next Friday. White House adviser Kevin Hassett is predicting May’s unemployment rate could be higher than 20%.
Over 40 Million Americans Are Unemployed As COVID-19 Layoffs Continue
The latest data shows a continued decline in weekly claims, but they remain above the 2 million mark.
Biden announces new White House council to strengthen the supply chain
President Biden cautioned companies against price gouging, emphasizing his administration's efforts to reduce costs for American families.
Many to see double Social Security payouts in December
The agency's schedule has budgeted for two checks to be sent out in the same month periodically, and in December recipients will get an extra one.
Demand for food assistance on the rise ahead of holidays
Roughly 44 million Americans are food insecure, meaning they don't have access or the means to get adequate nutritious food.
Viewer Spotlight: Our commitment to covering the Russia-Ukraine war
While the war between Israel and Hamas has taken over headlines in recent weeks, viewers say they also still want updates on the Russia-Ukraine war.
5 GOP senators want to cut travel from China due to illness uptick
There has been an uptick in respiratory illnesses in China, and although the illnesses aren't new viruses, several senators want to restrict travel.
FBI creates images of homicide victim found in barrel at Lake Mead
In 2022, investigators found four different sets of remains at the lake, three of which have been identified.
