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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Amid the worsening economic damage from the coronavirus pandemic, another 5.2 million US workers were jobless and sought unemployment benefits last week, the government reported Thursday. The data through April 11 indicate the world's largest economy has purged 22 million jobs since mid-March as the measures to contain the virus have forced companies, shops and restaurants to close their doors. While initial claims filed in the latest week were nearly 1.4 million lower than the prior week, the news is still grim. In the comparable week of last year, only 203,000 people filed first-time claims for jobless benefits, according to the Labor Department report. COVID-19 was cited as the reason for rising unemployment in every state that listed a cause, with widespread layoffs in hotels, food service, retail, construction and even mining reported. Economists say this may indicate the layoffs have have peaked, but the US unemployment rate is nonetheless likely to hit double digits in April. "After an unprecedented climb, initial unemployment claims appear to have reached a vertiginous plateau," Gregory Daco of Oxford Economic said in an analysis. But he said the figures will remain "remain extraordinarily high in coming weeks as the economy plunges deeper into a recession" and the labor market enters a "traumatic period." hs/cs
schema:headline	US purged another 5.2 mn jobs last week: government
schema:mentions	Plateau Unemployment benefits Recession Australian Labor Party University of Oxford Pandemic Virus Coronavirus Severe acute respiratory syndrome coronavirus 2 Dacians Pope Gregory I Church grim
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)

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