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Jobless Claims Rise For First Time Since March As Congress Teeters On Fiscal Cliff
During the second installment of the White House's rebooted coronavirus press briefings, Donald Trump predicted a solid July jobs report.
Even if he ends up being correct, that's a shaky prognosis.
Jobless claims essentially stopped falling last week, a development which underscored the ongoing nature of the crisis in America's hobbled labor market which, upbeat headlines from May and June notwithstanding, is nowhere near "healed".
As Congress dithers on the next stimulus package and the GO
The average annual lost salary of the 1.4 million who filed first time claims compared to those who filed first time claims back in March, April, May or June is likely much higher as reported job cuts seem to be moving up the corporate ladder to “middle management”.
Lost salaries in this group of 1.4 million may exceed, and not be less than, the unemployment aid.