About: http://data.cimple.eu/news-article/dbc8bab33afce3c9f2064e32c7a67b2db62ef0aee2e2dfa263caa282

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About: http://data.cimple.eu/news-article/dbc8bab33afce3c9f2064e32c7a67b2db62ef0aee2e2dfa263caa282 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The US Labor Department on Thursday reported fewer than one million new weekly claims for unemployment benefits filed, for the first time since the coronavirus pandemic struck in March. The data showed 963,000 seasonally adjusted initial claims filed in the week ended August 8, below expectations and a drop of 228,000 from the previous week. The insured unemployment rate dropped 0.4 percentage points to 10.6 percent in the week ended August 1, the latest week such data was available, with about 15.5 million people receiving benefits. The number of people receiving benefits under a special program for those not normally eligible also decreased by more than 167,000 to 488,622 in the week ended August 8. All told, nearly 28.3 million people were receiving some form of government aid in the week ended July 25, down more than three million from the week prior. Yet that was many times above the 1.7 million people receiving benefits in the same week of 2019, indicating the damage done by lockdowns to stop COVID-19 that began in mid-March. "Claims will remain elevated compared to historical levels and, given the likelihood of another round of layoffs in the offing among small and midsize firms due to insufficient demand as the economy continues to slow, claims may reverse," Joseph Brusuelas, chief economist at RSM US said on Twitter. cs/ft
schema:headline	New US jobless claims drop below 1 mn, first time since March
schema:mentions	Jobless claims Unemployment benefits Saint Joseph Pandemic Twitter Coronavirus Severe acute respiratory syndrome coronavirus 2 RSM US United States Department of Labor Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)

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