United States unemployment claims fall to 751000, virus resurges

Jobless claims fall to 751,000, lowest level since March

Thursday's report from the Labor Department said the number of people who are continuing to receive unemployment benefits fell more than 700,000 to 7.76 million.

More than 59,000 MA residents filed first-time unemployment claims last week, according to U.S. More than 360,000 people filed for PUA benefits, which Congress created to help gig workers, the self-employed, and others not eligible for typical unemployment.

Jobless claims have not been this low since the week ending March 14, when 282,000 Americans filed for aid, shortly before the virus-induced crisis triggered a flood of layoffs.

The figures, the last snapshot of the labor market ahead of Tuesday's election, underscore a further, yet gradual, recovery in the job market.

Though many are still unemployed, the USA economy has shown signs of recovery, growing at a 33.1% annual rate in the July-September quarter, the Bureau of Economic Analysis announced Thursday.

The decline in continuing claims coincided again with an increase in Americans on Pandemic Emergency Unemployment Compensation, a federal program that provides an additional 13 weeks of benefits. But even with the outsize gain, gross domestic product is still below its pre-pandemic peak.

Unemployment claims have been drifting downward in recent months, but they remain far higher than they were prior to the pandemic. They fell in 30 states, including big drops in California, Florida and Texas. Continued claims in the state have now fallen for five weeks in a row. Claims jumped in Michigan, Virginia and IL.



Latest news

A+ Charter student got wrong results, tests negative for COVID-19
The board says they have a total of 66,627 students enrolled in in-person learning in elementary and secondary schools. Robinson says if anything, school buildings are most controlled and therefore the safest place a student can be.

Netflix Price Hike: Standard Plan Now $14, Premium Tier Increases to $18
The basic plan, which only includes support for non-HD 480p streaming on a single device, remains priced at $8.99 a month. Netflix is raising their prices, and no one is happy about this move.

Djokovic saves four set points, beats Coric for Vienna quarters
Medvedev rolled Jason Jung 6-3, 6-1 while the Greek was pushed to three but prevailed over Jan-Lennard Struff 6-7 (3), 6-3, 6-4. Djokovic also has another target - beating Federer's all-time best of 310 weeks spent on top of the rankings.

Alexandria Ocasio-Cortez Opens Up About Running for President
The 31-year-old said that her home address had been published online and that authorities had reported death plots against her. Another photo shows a shoot taking place on the Bronx Street, where Ocasio-Cortez grew up.

Anne Hathaway shares her son's name 11 months after giving birth
Like many other celebrities, Anne chooses not to share photos of her children on social media. Her older son is Jonathan and the host pointed out the alliteration.

Other news