Name: Unemployment filings explode again as pandemic slams job market
Brand: axios.com
SKU: axios-com-149
Availability: OnlineOnly

critic

Unemployment filings explode again as pandemic slams job market

preview

Volunteers distribute meals at a food bank in Pennsylvania last month. (Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)More than 1.4 million Americans filed for jobless claims — a figure that includes first-time filings for regular state unemployment and another program for non-traditional workers. Why it matters: It’s another surge in the number of Americans applying for unemployment benefits, an additional sign the labor market is facing more strain as the coronavirus continues to ravage the country.How it breaks down: Separately, continued claims — or how many Americans continue to collect unemployment after initially applying — rose to 5.8 million, an increase of nearly 500,000 from the prior week.The bottom line: The rising jobless claims are way off the seen at the onset of the coronavirus. But last week’s new filings are still nearly twice as bad as the highest level from before the pandemic.President-elect Biden has named Boston Mayor Marty Walsh as his nominee for labor secretary. If confirmed, Walsh will be tasked with leading the country's workers through one of the toughest eras in recent memory.The big picture: Americans are confronting workplace safety during a pandemic, wrestling with the instability of gig work, experiencing widespread unemployment and more.Just weeks into the pandemic, we that venture capitalists were still doing deals, even though their offices were closed and their flights were canceled. But we didn't quite foresee the WFH gusto.Driving the news: U.S.-based venture capital hit an all-time record in 2020.With long-term U.S. interest rates creeping higher and the stock market rally looking increasingly , market participants will have a keen eye on remarks by Fed chair Jerome Powell Why it matters: The uncertainty created by the coronavirus pandemic, volatility in financial markets and diverging opinions about the future of monetary policy from Fed policymakers have investors hungry for guidance.Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Volunteers distribute meals at a food bank in Pennsylvania last month. (Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)More than 1.4 million Americans filed for jobless claims — a figure that includes first-time filings for regular state unemployment and another program for non-traditional workers. Why it matters: It’s another surge in the number of Americans applying for unemployment benefits, an additional sign the labor market is facing more strain as the coronavirus continues to ravage the country.How it breaks down: Separately, continued claims — or how many Americans...

public

Courtenay Brown

Smart Brevity worthy of people's time, attention and trust. Subscribe to our newsletters: https://bit.ly/3hMCmVn

axios.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Unemployment filings explode again as pandemic slams job market

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS