{"id":206833,"date":"2021-03-18T15:52:19","date_gmt":"2021-03-18T12:52:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/770000-filed-a-year-into-covid-crisis\/"},"modified":"2021-03-18T15:52:19","modified_gmt":"2021-03-18T12:52:19","slug":"770000-filed-a-year-into-covid-crisis","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/770000-filed-a-year-into-covid-crisis\/","title":{"rendered":"#770,000 filed a year into COVID crisis"},"content":{"rendered":"

“#770,000 filed a year into COVID crisis<\/strong>”<\/p>\n

\n

The number of workers seeking unemployment benefits stubbornly increased last week as the labor market\u2019s coronavirus crisis reached the one-year mark, the feds said Thursday.<\/p>\n

The latest batch of 770,000 initial jobless claims brought the total for the COVID-19 pandemic to nearly 81.9 million \u2014\u00a0a number equivalent to more than half the nation\u2019s workforce.<\/p>\n

Weekly jobless filings have now hovered above the pre-pandemic record of 695,000 for 52 straight weeks even as declining infections, loosening business restrictions and rising vaccinations have helped the job market recover in recent months.<\/p>\n

\u201cAs the economy gets back to pre-pandemic levels, labor market slack will continue to shrink,\u00a0although it will take time to be completely eliminated with the\u00a0effects of shadow joblessness persisting for an extended period\u00a0of time,\u201d Bloomberg economist Eliza Winger said.<\/p>\n

Economists were expecting jobless filings to drop to 700,000 last week from the prior week\u2019s 725,000, according to Wrightson ICAP. That would have been the lowest weekly figure since COVID-19\u00a0caused a historic employment crisis\u00a0a year ago.<\/p>\n

In that bleak year, one in four American workers has received at least one unemployment payment as officials shelled out a whopping $637 billion in state and federal jobless aid, according to an analysis by the Century Foundation.<\/p>\n

\u201cEven in the best scenario of rapid economic growth that was forecast by the Federal Reserve this week, it will take many months for businesses to reopen and rehire the legions still on jobless rolls,\u201d said Andrew Stettner, an unemployment insurance expert and senior fellow at the think tank.<\/p>\n

\"A
Biden\u2019s bill also lets Americans avoid paying income taxes on up to $10,200 of unemployment benefits received last year to help people who relied on aid avoid higher tax bills.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n

Last week\u2019s filings coincided with President Biden\u2019s signing of the $1.9 trillion American Rescue Plan, which extended a $300-a-week supplement for standard jobless benefits along with crucial unemployment aid for gig workers and self-employed people.<\/p>\n

The bill also lets Americans avoid paying income taxes on up to $10,200 of unemployment benefits received last year to help people who relied on aid avoid higher tax bills.\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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

“#770,000 filed a year into COVID crisis” The number of workers seeking unemployment benefits stubbornly increased last week as the labor market\u2019s coronavirus crisis reached the one-year mark, the feds said Thursday. The latest batch of 770,000 initial jobless claims brought the total for the COVID-19 pandemic to nearly 81.9 million \u2014\u00a0a number equivalent to…<\/p>\n","protected":false},"author":1,"featured_media":206834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/jobless-claims-2-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[98277,1545,71439,5069,70840],"class_list":["post-206833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-18-21","tag-coronavirus","tag-department-of-labor","tag-economy","tag-unemployment-benefits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/206833","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=206833"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/206833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/206834"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=206833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=206833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=206833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}