Joe Biden marred his facts on Thursday during a virtual roundtable with three governors supporting his campaign. While speaking with Govs. Ned Lamont (D-CT), Phil Murphy (D-NJ), and Gretchen Whitmer (D-MI), Biden said, “We’re in the middle of a pandemic that has cost us more than 85,000 jobs as of today. Lives of millions of…
New claims for unemployment benefits fell to 3.169 million last week, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, since the coronavirus pandemic began to claim jobs to around 33.5 million. Claims hit a record 6.87 million for the week of March 28. Each subsequent week…
New claims for unemployment benefits fell to 3.84 million in the week ended April 25, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, over the past six weeks to around 30 million. Continuing claims, those filed after the initial week of benefits, rose to just under…
CLAIM: Federal visa worker programs bring “tens of thousands” of foreign workers into the United States. VERDICT: False. Federal agencies bring at least one million non-immigrant foreign workers into the United States each year. The error was included in a New York Times article on April 24 about President Donald Trump’s unprecedented April 22 shift in immigration policy. The…
The ranks of the unemployed swelled by millions last week. New applications for unemployment hit 5.245 million in the week ended April 11, Labor Department data showed Thursday. Economists had forecast around 5 million claims. Last week’s initially reported total of 6.606 million was revised up slightly to 6.615 million. For the March 28 week, 6.9…
U.S. jobless claims exceeded expectations for the third straight week. The unemployment rate is rising faster than anyone expected. The IMF says we’re in the worst crisis of our lifetime. U.S. weekly jobless claims surged past expectations last week, as 6.6 million Americans filed for benefits in the period ended April 4. In a span…
The coronavirus continued to weigh on the U.S. labor market last week. New applications for unemployment hit 6.6 million in the week ended April 4, Labor Department data showed Thursday. The prior week, originally reported at 6.6 million, was revised to 6.9 million. Claims from three weeks ago were also revised upward. These rose from…
More than 6.6 million Americans applied for unemployment benefits last week. The record 6,648,000 seasonally adjusted claims figure comes after 3.3 million sought benefits two weeks ago. Claims have skyrocketed after large segments of the U.S. economy shut down in response to government orders aimed at combating the coronavirus pandemic. Economists had expected claims to…
Jobless claims rose to 3,283,000 last week, reflecting only the first round of mass layoffs due to the coronavirus pandemic. Jobless claims are considered the closest thing we have to a real-time indicator of economic conditions, reflecting claims from the prior week. Many pieces of economic data come out with lags of a month or more,…
In a historic first unscheduled national broadcast, German Chancellor Angela Merkel addressed the public saying the coronavirus outbreak is the most serious situation the country has faced since the Second World War. The German chancellor addressed the people on Wednesday evening stating: “The situation is serious. Take it seriously. Since German unification, no, since the…
