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About: http://data.cimple.eu/news-article/8f5b2eadf4e36b28e4c6bf8052da9a45f3437fd8dcc77324cbae5403 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Another 1.3 million US workers filed for unemployment benefits last week, as the slowdown in the pace of layoffs amid the coronavirus crisis continued, the government reported Thursday. The figure for the week ended July 4 was 99,000 lower than the prior week, showing a steady decline as the world's largest economy gradually reopens and workers are recalled to their jobs. But the level remains far higher than any pre-pandemic week. In the same week of 2019, only 211,000 people filed initial claims for jobless benefits. The decline in the latest week slowed the four-week moving average to 1.44 million, the Labor Department reported, while 18 million remained on the jobless rolls through the week ended June 27. President Donald Trump, who is counting on a strong economy to help in his tough reelection bid in November, has cheered the recent signs of recovery in the US labor market. But economists and the Congressional Budget Office warn that it will take years for employment to return to pre-pandemic levels. And the US could suffer a second wave of layoffs as more states see spiking case counts, and once expanded jobless benefits expire. "Filings remain high and are declining at a stubbornly slow pace," said Rubeela Farooqi of High Frequency Economics. "We could see upward pressure in coming weeks in response to a surge in virus cases and related closures of businesses." The unemployment rate in June dropped to 11.1 percent as 4.8 million jobs were added, with huge gains in the leisure and hospitality sector, which suffered the biggest blows from COVID-19 restrictions on travel and restaurants. But Trump says the "crisis is being handled" and the economy is "roaring back." hs/sst
schema:headline	Another 1.3 mn workers file for US jobless benefits
schema:mentions	Unemployment benefits Congressional Budget Office Australian Labor Party Virus Severe acute respiratory syndrome coronavirus 2 President of the United States Donald Trump Coronavirus disease 2019 Moving average Sea surface temperature High Frequency Economics Farooqi
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)

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