Commentary: Another One Million Leave Unemployment in a Week as Trump’s Predicted Rapid Recovery Continues

Another 1 million Americans left continued unemployment claims the week of Sept. 5 on an unadjusted basis, the latest data from the Department of Labor shows.

That brings the number collecting unemployment from its 13.8 million Aug. 29 level, and from its 22.8 million May 9 level, down to its current 12.3 million, an overall decrease of 10.5 million from its peak.

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New Unemployment Claims Decrease to 860,000, Beating Predictions

The number of Americans filing new unemployment claims decreased to 860,000 last week as the economy continues to suffer the effects of the ongoing coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented an decrease of new jobless claims compared to the week ending on Sept. 5, in which there were 884,000 new jobless claims reported.

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New Jobless Claims Fall Below One Million, Beat Wall Street Expectations

The number of Americans filing new unemployment claims decreased to 881,000 last week as the economy continues to suffer the effects of the coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented a decrease of new jobless claims compared to the week ending on Aug. 22, in which there were 1,006,000 new jobless claims reported.

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Jobless Claims Fall Slightly to About 1 Million, Still at Historic Levels

The number of Americans filing new unemployment claims decreased to 1,006,000 last week as the economy continues to suffer the effects of the coronavirus pandemic, according to the Department of Labor.

The Department of Labor figure released Thursday represented a slight decrease of 98,000 new jobless claims compared to the week ending on Aug. 15. The number was about where Wall Street analysts expected it to be, according to CNBC.

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New Unemployment Claims Surge Past a Million After One Week Drop Below Threshold

More than 1.1 million American workers filed new unemployment claims last week, a week after the number of claims dropped below the million mark for the first time since pandemic-related shutdowns were put in place in March.

According to the U.S. Department of Labor, 1,106,000 workers filed new claims on a seasonally adjusted basis in the week ending Aug. 15.

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Weekly Jobless Claims Fall Below One Million for First Time Since March

Around 963,000 Americans filed new unemployment claims last week, marking the first time the figure dropped below one million since March, according to the Department of Labor.

The Bureau of Labor Statistics figure released Thursday represented a decrease of 228,000 new jobless claims compared to week that ended August 1. That number also beat Wall Street analysts’ expectations, according to CNBC.

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Study: 68 Percent of Workers Earned More on Unemployment with $600 Weekly Enhancement

Some unemployed workers received nearly twice as much money through unemployment insurance (UI) payments authorized through the CARES Act than they earned when they were employed, a new study from the Foundation for Government Accountability (FGA) found.

In response to states shutting down economies over coronavirus fears, Congress passed several relief bills, including the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These two bills expanded the UI benefit period, suspended work search requirements, included newly eligible individuals, and added a $600-per-week unemployment benefit enhancement through July 31.

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Unemployment Claims Rise for the First Time Since March to 1.4 Million

The Department of Labor reported Thursday that over 1.4 million Americans filed additional claims for unemployment last week, marking the first weekly increase in claims since March.

The number of Americans filing for unemployment had been declining each week before mid-July, but the Thursday report marks the 18th week in a row that unemployment claims have been above one million, CNBC reported.

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Analysis: President Trump Was Correct About the Rapid Economic Rebound Post-Shutdown as Another 630,000 Americans Come Off Unemployment Benefits

Another 630,000 Americans came off continuing unemployment claims the week ending June 27, according to the latest unadjusted data from the U.S. Department of Labor, proving President Donald Trump is right about the economy rapidly recovering from the COVID-19 pandemic state-based shutdowns.

Since the week ending May 9, unadjusted continuing unemployment claims have dropped from 22.8 million to 16.8 million the week ending June 27, a massive turnaround of 6 million Americans who temporarily found themselves on unemployment benefits but then rapidly came off of it on a net basis.

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June Jobs Report: 4.8 Million Jobs Added, Unemployment at 11.1 Percent

The U.S. added 4.8 million jobs in June, while the unemployment declined to 11.1%, according to Department of Labor data released Thursday.

Total non-farm payroll employment rose by 4.8 million in June, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 3.2 million to 17.8 million. These numbers mark the second month of both increasing jobs and dropping unemployment since the country lost a record 20.5 million jobs due to the coronavirus pandemic closures.

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Study: Unemployment Pays Better Than Work for 68 Percent of U.S. Workers

The federal unemployment insurance emergency payments of an additional $600 per week to those laid off because of COVID-19 restrictions discourages work and slows down economic recovery, several reports indicate. Several congressmen have introduced proposals to address the issue.

A report published by the Foundation for Government Ability (FGA) found that by nearly tripling average unemployment benefits through the CARES Act, “Congress has created a situation where unemployment now pays better than work” for roughly 68 percent of U.S. workers.

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1.5 Million More Laid-off Workers Seek Unemployment Benefits

About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.

The latest figure from the Labor Department marked the 10th straight weekly decline in applications for jobless aid since they peaked in mid-March when the coronavirus hit hard. Still, the pace of layoffs remains historically high.

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New U.S. Unemployment Claims Drop Below 2 Million, but Total Claims Top 42 Million

The number of new unemployment claims filed last week dropped to 1.88 million, the first time weekly claims didn’t exceed 2 million since mid-March.

Still, the total number of claims filed since government restrictions closed businesses deemed nonessential to slow the spread of COVID-19 surpassed 42 million in the 11 weeks since states began shutting down significant parts of their economy.

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US Job Losses in May Could Raise 3-Month Total to 30 Million

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working.

Beneath the dismal figures will be signs that job cuts, severe as they are, are slowing as more businesses gradually or partially reopen. Still, the economy is mired in a recession, and any rebound in hiring will likely be painfully slow. Economists foresee unemployment remaining in double-digits through the November elections and into 2021.

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U.S. Unemployment Claims Top 40 Million Since March

More than 40 million Americans have filed unemployment claims since mid-March, when state governments across the U.S. began restrictions to slow the spread of COVID-19, including closing businesses deemed nonessential.

Last week, an additional 2.12 million workers filed claims, according to U.S. Department of Labor data released Thursday, the 10 consecutive week in which new jobless claims were in the millions. The 2.12 million claims from the week ending July 23 is down 323,000 from the 2.44 million workers who filed for benefits in the week ending May 16 and is the lowest number of new claims since the week ending March 15.

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Commentary: America’s Youth Experience a Great Awakening, Coronavirus-Style

The Great Awakening.

History books tell us “The Great Awakening” was (according to Wikipedia), “The First Great Awakening (sometimes Great Awakening) or the Evangelical Revival was a series of Christian revivals that swept Britain and its Thirteen Colonies between the 1730s and 1740s. The revival movement permanently affected Protestantism as adherents strove to renew individual piety and religious devotion. The Great Awakening marked the emergence of Anglo-American evangelicalism as a trans-denominational movement within the Protestant churches. In the United States, the term Great Awakening is most often used, while in the United Kingdom, it is referred to as the Evangelical Revival.”

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Ohio Voters Could Decide Constitutional Amendment to Help Cover the Cost of Unemployment Benefits

Ohio voters could decide a constitutional amendment to cover the cost of unemployment payouts in the wake of the COVID-19 pandemic.

Senate Joint Resolution 4, if passed, would allow voters to decide whether to issue the bonds “to repay any federal borrowing in support of Ohio’s unemployment compensation program,” Ohio Senate President Pro Tempore Bob Peterson, R-Washington Court House, said during a Senate Finance Committee hearing.

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Nearly Three Million New Unemployment Claims Drives Two-Month Total to More Than 36 Million

New jobless claims continued their COVID-19 surge last week, driving the total number of those filing for unemployment benefits to more than 36 million over the past two months.

Even as many states across the country began easing restrictions and slowly reopening their economies, 2.98 million Americans filed for new unemployment benefits for the week ending May 9, according to data released Thursday by the U.S. Department of Labor.

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Report: Trump Preparing to Limit Temporary Workers into the US

President Donald Trump may prohibit some temporary workers from entering the U.S. in an executive order later this month, the Wall Street Journal reported Friday.

Trump’s anticipated order, much like his recent immigration ban, is meant to help mitigate the spread of coronavirus while protecting U.S. workers amid a monumental downturn in the economy, the WSJ reported.

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April Jobs Report: 20.5 Million Jobs Lost, Unemployment at 14.7 Percent

The U.S. economy lost 20.5 million jobs in April, while the unemployment rate rose to 14.7%, according to Department of Labor data released Friday.

Total non-farm payroll employment fell by 20.5 million in April, according to the Bureau of Labor Statistics report, and the number of unemployed persons rose by 15.9 million to 23.1 million.

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Commentary: This Is What It Looks Like When You Shoot the Economy in the Head

25.4 million Americans have lost their jobs since February through mid-April, the Bureau of Labor Statistics reports — 17.3 million who are unemployed, and another 8.1 million who have left the labor force completely — in response to the Chinese coronavirus pandemic as Americans sit home and wait it out.

Although the Bureau tabulates a reported unemployment rate of 14.7 percent, if you count the 8.1 million who left the labor force, too, plus the 5.8 million who were already unemployed, and the number looks more like 18.9 percent.

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Ohio Department of Jobs and Family Services Asks Employers To Report Employees Who Refuse to Come to Work

The Ohio Department of Jobs and Family Services has set up a page on their website where employers can report employees who refuse to return to work as businesses set to reopen in the state.

Under the latest “Stay Safe Ohio” order, medical care such as a dentist or doctor visit that does not require an overnight stay reopened on May 1. Manufacturing, construction and distribution, as well as “general office environments,” reopened on May 4. Retail and service businesses are set to reopen on May 12, with social distancing practices.

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Analysis: Interest Rates Indicate Unemployment Will Grow as Trump Administration Eyes Phase Four Relief Spending

by Robert Romano   The unemployment rate will likely continue rising as the spread between the 10-year treasury on one side, and the 2-year and 3-month treasuries on the other, continue rising over the next weeks and months, an analysis of interest rates over the past four recession shows, according to…

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Gov. DeWine Encourages Ohioans to ‘Have a Little #SpiritWeekOhio Fun’ and ‘Stay in Your PJ’s All Day’

Nearly 1 million Ohioans have filed for unemployment since Gov. Mike DeWine shut the state down, and the governor has responded by calling for a “Spirit Week” to have “#SpiritWeekOhio fun” which includes wearing pajamas.

Six of the state’s most influential business organizations last week sent a letter to Gov. Mike DeWine last week urging him to reopen the economy as nearly one million Ohioans have now filed unemployment claims since the start of the coronavirus pandemic, as The Ohio Star reported Monday. The letter was signed by the Ohio Chamber of Commerce, Ohio Business Roundtable, the Ohio Manufacturers’ Association, the Ohio Council on Retail Merchants, Ohio Farm Bureau, and NFIB-Ohio.

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Business Groups Paint Dim Picture of Ohio Economy, Urge DeWine to Reopen ‘Sooner Rather Than Later’

Six of the state’s most influential business organizations sent a letter to Gov. Mike DeWine last week urging him to reopen the economy as nearly one million Ohioans have now filed unemployment claims since the start of the coronavirus pandemic.

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House Democrat Criticizes Ohio Economic Recovery Task Force for Focusing Solely on Reopening

A top Democrat on the Ohio House’s coronavirus economic recovery task force criticized its Republican chair for gathering “one-sided testimony that only supported the idea of opening Ohio as soon as possible.”

In a statement released last week, Rep. Terrence Upchurch (D-Cleveland), vice chair of the Ohio 2020 Economic Recovery Task Force, voiced frustration with the fact that the committee hasn’t heard from “minorities or women.”

“We were under the impression by the majority that this task-force would be a bipartisan, collaborative effort to map out next steps for the General Assembly’s response to the COVID-19 crisis in Ohio,” he said. “However, it became almost immediately apparent from the agenda and the chosen speakers that this task force was actually designed to gather one-sided testimony that only supported the idea of opening Ohio as soon as possible. This was never a democratic process.”

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‘You’re Getting a Paycheck, We’re Not,’ Protestors Say of DeWine, Acton

Approximately 150 people gathered outside the State Capitol in Columbus Monday to tell Gov. Mike DeWIne and Health Department Director Amy Action that it’s past time to reopen the state.

Tom Zawistowski, president of Ohio Tea Party group We the People Convention, estimated the attendance, in an interview with The Ohio Star. This was the second such protest since last Thursday.

Many of the protestors called out, “You’re getting a paycheck, we’re not,” Zawistowski said.

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Economist Recommends Ohio Use Federal Stimulus to Bolster Unemployment Insurance Trust Fund

Following Ohio’s shocking unemployment rate increase of 2,565 percent, one economist says the COVID-19 coronavirus’ economic impact will be “long lasting” and provides a list of recommendations.

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DeWine May Cut State Budgets by Up to 20 Percent, But Public Sector Cannot Match Loss of Private Sector’s 188K Lost Jobs

Even as Ohio Gov. Mike DeWine orders state departments to cut up to 20 percent of their budgets and implement a hiring freeze, state workers are not feeling the coronavirus economic burn like the private sector.

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Ohio Hit Harder with Unemployment Than Other States

Ohio was hit harder with unemployment filings than other states during the immediate aftermath of the coronavirus.

The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed, The Ohio Star reported.

Ohio’s claims totaled 187,784, the Cincinnati Enquirer said, up from 7,046 the previous week.

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Commentary: Senate Paves Road to Reopening the Economy with Coronavirus Relief Bill, But When Will States Reopen Schools?

By a vote of 96-0, the U.S. Senate has passed a $2.2 trillion legislative package, by far the largest in U.S. history, to keep tens of millions of Americans on payroll and expand unemployment benefits to those who are laid off while the country waits out the deadly Chinese coronavirus that poses additional risk to seniors and those with underlying conditions.

That way, when the virus passes, those businesses, particularly the 30 million small businesses that are struggling most of all right now, but also critical industries, will be able to rapidly reopen and we can get back to our lives.

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3.3 Million File Unemployment Claims in U.S. – a Record Number

Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.

The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.

The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.

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2019 Was the Slowest Year for New Jobs in Ohio in a Decade, Economist Says

An economic expert says Ohio’s latest unemployment data show 2019 was the slowest year for new jobs in a decade — and the state lagged behind the nation in creating new jobs.

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‘Trump Victory’ Team Enthusiastic About Political Landscape and Ground Game in Ohio and Nationwide

The Trump campaign shared its enthusiasm for the direction and momentum of the president’s re-election efforts during a Tuesday briefing call with meida. Discussions with a Senior Trump Campaign official covered political efforts nationwide but also in specific states, including Ohio.

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National Unemployment Steady, Ohio Unemployment Ticks Up: Experts Weigh in on Ohio’s Economy

  Nationally the unemployment figures remained steady at 3.7%, but Ohio’s figure edged up a tenth of percent to 4.1. Several economic analysts have weighed in over the last few days to discuss the overall state of Ohio’s economy compared with the nation’s. Opportunity Ohio found, “Latest @BLS_gov job figures…

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Commentary: The August Jobs Report Is Not ‘Mixed’ It’s Yuuge

The anti-Trump talking-down-the-economy crowd has America already in a recession, with POLITICO’s Morning Money leading its Thursday morning news with, “…manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the workweek dipped in July, often a leading signal that employers are cutting back. A sharp slowdown in job creation could follow.”

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Ohio Strong Action Kicks Off 2020 Campaign in Delaware County

Ohio Strong Action kicked off their 2020 campaign this weekend in the city of Delaware. The PAC’s Chair, Mike Gibbons, said, “I am excited for our door to door kickoff. Educating Ohioans on the positive accomplishments Trump has enacted is our main objective. We have a President who is keeping his word and has the guts to fight for the American citizens.”

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Ohio Sees Record New Business Filings, Lowest Unemployment Rate in 18 Years

  Ohio Secretary of State Frank LaRose announced Friday that the first five months of 2019 marked the strongest start to a year for new business filings in state history. In May alone, 11,099 new entities filed to do business in Ohio. LaRose’s office revealed that 60,000 new businesses filed…

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