San José, CA – The weekly report on Unemployment Insurance (UI) claims issued on Thursday, September 17 by the U.S. Department of Labor showed that the economy continues to struggle. Seasonally adjusted new claims for regular state unemployment insurance fell by 33,000 to 860,000 for the previous week ending September 12. This number is still about four times the weekly claims number in February, when the recession began. It is also above the high mark for claims before this recession, which dates back to October 1982.
San José, CA – The latest report on unemployment insurance by the Department of Labor showed larger numbers across a number of measures. The number of new claims for regular state UI the week ending September 5 increased by 20,000 from the previous week. The same for the federal Pandemic Unemployment Assistance or PUA for self-employed and gig workers, which rose by more than 90,000, or 12%. Together total new claims rose to almost 1.7 million for the latest week.
Nearly three times as high as the pre-pandemic record
San José, CA – On Thursday, June 4 the federal Department of Labor reported that 1.9 million new claims for state unemployment insurance or UI benefits were filed in the week ending May 30. This was down by 250,000 claims from the previous week, continuing the slow decline in new applications. However, this was still more than two and a half times higher than the previous pre-pandemic record of almost 700,000 claims made during the deep 1981-82 recession.
A new record of 6.6 million Americans apply for benefits
San José, CA – New claims for Unemployment Insurance (UI) benefits doubled from record numbers just a week earlier. On Thursday, April 2, the Department of Labor reported that more than 6.6 million people applied for state unemployment insurance benefits for the week ending March 28. This means that almost 10 MILLION people lost their jobs and applied for UI benefits in just the last two weeks of March. This economic crisis has caused more job losses in two weeks than the entire 2007 to 2009 recession, where 8 million jobs were lost.
Wall Street ignores human suffering to launch new bull market
San José, CA – On Thursday, March 26, the Labor Department reported the new claims for Unemployment Insurance (UI) benefits rocketed to 3.3 million for the week ending March 21. This was almost five times the previous record of almost 700,000 new claims in October of 1982, when the recession drove the unemployment rate to 10.8%. The number of new claims for UI was 15 times higher than the report just two weeks earlier.
San José, CA – On Thursday, March 19, the Department of Labor reported a surge of applications for Unemployment Insurance (UI) benefits as the COVID-19 pandemic began to bite into the economy. For the week ending March 14, a seasonally adjusted 281,000 claims were filed, up 70,000 (or one-third) from the week before and much greater than the predicted 220,000. A National Public Radio poll also conducted last week showed that 18% of all households had already lost income from layoffs or reduced work hours.
Washington, DC – Unemployment rates ticked upwards in 30 states, according to an Aug. 18 report from the federal government’s U.S. Bureau of Labor Statistics. Ohio, Maryland and South Carolina had the largest job losses. Mississippi has the country’s highest unemployment rate, at 8%. Meanwhile, Congress is in recess until September.
Washington, DC – Senate Majority Leader Harry Reid stated in a June 6 press statement, “It is my hope that Congress can still act on extending unemployment. This vital lifeline is so critical to struggling families in Nevada and throughout the country.”
Washington, DC – House speaker John Boehner (R-OH) still refuses to allow a vote on legislation to restore unemployment compensation to the long-term jobless. In a May 21 statement on job training, Boehner failed to address the predicament of the nearly 3 million workers who have been hit by the failure of Congress to restore Extended Unemployment Benefits.
Washington, DC – Secretary of Labor Thomas Perez urged an immediate vote on bill to extend benefits for the long term jobless in a May 7 letter to Republican House Speaker John Boehner. Perez also stated that he was willing to meet with Boehner to discuss his questions and concerns about the legislation.