Re:Another 1.3M Americans File for Unemployment
by mdorazio on Thursday July 16, 2020 @12:34PM
(#23860654)
This source kind of sucks for good info. To put this number in perspective:
- It's almost exactly the same as new claims last week (1.31 million)
- Total continuing claims not including this week are at 17.4M (dropping weekly, somehow)
It's worth noting that the PPP plan for employers was extended to a 24-week period rather than the initial 8 weeks, which to me has some interesting implications and loopholes. States re-locking down due to surges in cases will probably have a bad impact on employment as well. The supplemental unemployment payments have not yet been renewed and will end at the end of July.
- It's almost exactly the same as new claims last week (1.31 million)
- Total continuing claims not including this week are at 17.4M (dropping weekly, somehow)
It's worth noting that the PPP plan for employers was extended to a 24-week period rather than the initial 8 weeks, which to me has some interesting implications and loopholes. States re-locking down due to surges in cases will probably have a bad impact on employment as well. The supplemental unemployment payments have not yet been renewed and will end at the end of July.