{"id":182175,"date":"2021-02-18T16:47:16","date_gmt":"2021-02-18T13:47:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/861000-filed-as-covid-19-cases-drop\/"},"modified":"2021-02-18T16:47:16","modified_gmt":"2021-02-18T13:47:16","slug":"861000-filed-as-covid-19-cases-drop","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/861000-filed-as-covid-19-cases-drop\/","title":{"rendered":"#861,000 filed as COVID-19 cases drop"},"content":{"rendered":"

“#861,000 filed as COVID-19 cases drop<\/strong>”
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America may be recovering\u00a0from its deadly coronavirus surge, but the labor market still has a nasty cough.<\/p>\n

The number of workers seeking unemployment benefits unexpectedly rose to 861,000 last week even as COVID-19 infections\u00a0declined sharply across the country, the feds said Thursday.<\/p>\n

The latest batch of initial jobless claims brought the total for the coronavirus pandemic to about 78.9 million \u2014 a figure more than twice the size of Afghanistan\u2019s population.\u00a0That includes the prior week\u2019s 848,000 filings, which the US Department of Labor revised upward from the 793,000 it initially\u00a0reported.<\/p>\n

The data suggests employers and workers are struggling to bounce back after many states\u00a0imposed lockdown measures to control the record-setting spike in COVID-19 cases that peaked in early January.<\/p>\n

\u201cThere\u2019s no getting around the ugly look of new jobless claims in the latest reading,\u201d said Mark Hamrick, senior economic analyst at Bankrate.<\/p>\n

Jobless filings have remained above the pre-pandemic record of 695,000 for 48 weeks straight. Economists were expecting the historically high number to fall to 775,000 last week,\u00a0according to Wrightson ICAP, which would have marked the lowest level since the last full week of December.<\/p>\n

To unemployment insurance expert Andrew Stettner, the jobless claims data underscore the need for Congress to act on President Biden\u2019s $1.9 trillion stimulus proposal, which would extend\u00a0key aid programs such as a $300 weekly boost to unemployment benefits that are set to expire in March.<\/p>\n

\u201cIt will take months, through the summer and beyond, for enough re-hiring to occur to absorb all the workers still on unemployment benefits and the steady stream of new app<\/a>licants,\u201d said Stettner, a senior fellow at the Century Foundation think tank. \u201cRobust pandemic aid is precisely the medicine the economy needs to get Americans back where they want to be: at work.\u201d<\/p>\n

While jobless claims spiked last month as the coronavirus spread rapidly, new COVID-19 cases are now declining in 46 states, and the seven-day average of deaths has dropped about 46 percent from its mid-January high of 4,022, according to the\u00a0COVID Tracking Project<\/a>.<\/p>\n

The decreases have allowed some states to ease lockdown measures they imposed to curb the deadly surge, which has stoked optimism among economists about hiring accelerating in February as more businesses reopen. Indoor dining resumed in New York City last week, and hard-hit California has started easing restrictions under a tiered reopening scheme.<\/p>\n

\u201cWe may be eventually on the verge of a kind of shoulder, or transition, season for the economy in the coming months as the pandemic eases, more vaccines are administered, and consumers increase spending followed by a pick-up in hiring,\u201d Hamrick said.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#861,000 filed as COVID-19 cases drop” America may be recovering\u00a0from its deadly coronavirus surge, but the labor market still has a nasty cough. The number of workers seeking unemployment benefits unexpectedly rose to 861,000 last week even as COVID-19 infections\u00a0declined sharply across the country, the feds said Thursday. The latest batch of initial jobless claims…<\/p>\n","protected":false},"author":1,"featured_media":182176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/861k-new-jobless-claims-filed.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[93894,1545,5069,70840],"class_list":["post-182175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-18-21","tag-coronavirus","tag-economy","tag-unemployment-benefits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/182175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=182175"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/182175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/182176"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=182175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=182175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=182175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}