GPS News  
TRADE WARS
US jobless claims rise again amid Delta, hurricane
by AFP Staff Writers
Washington (AFP) Sept 23, 2021

New applications for US unemployment benefits rose for the second straight week last week, according to government data Thursday, as the economy grapples with the Delta variant of Covid-19 that has made businesses skittish again.

Initial claims for jobless aid rose just 16,000 in the week ended September 18, to 351,000, seasonally adjusted, the Labor Department reported, which was above analysts' expectations.

After spiking into the millions as the pandemic began in March 2020, the closely watched metric of labor market health has been on a downward trend for most of this year, but the recent uptick takes it back to its level of about a month ago.

Rather than a sign of the Delta variant's disruptions, Ian Shepherdson of Pantheon Macroeconomic said last week's increase was more likely a consequence of seasonal adjustments in the data and the impact of Hurricane Ida which caused a backlog at state unemployment offices.

"The trend in claims likely will continues to fall, slowly, but the seasonals likely will prevent new lows until November," he wrote in an analysis.

The report also showed another 15,162 new claims, without seasonal adjustment, submitted under the Pandemic Unemployment Assistance (PUA) program, likely backlogged applications for the emergency aid for freelance workers, which expired two weeks ago.

All told, nearly 11.3 million people were receiving aid under all government programs as of the week ended September 4.

That was the last week when the PUA and the Pandemic Emergency Unemployment Compensation program for the long-term jobless were available. At the time there were 4.9 million and 3.6 million people on the programs, respectively.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Evergrande founder calls for construction, sales to resume
Beijing (AFP) Sept 23, 2021
The head of teetering Chinese developer Evergrande has urged staff to resume construction and sales to deliver properties, state media reported Thursday, as the firm battles to avoid a collapse that could send shockwaves through the world's number two economy. Furious homebuyers and investors around the country have gathered to demand repayment as the developer drowns in a sea of debt worth more than $300 billion, and struggles to meet its obligations. The comments came as the company was due to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Australia asks WTO to rule against Chinese wine tariffs

UN calls for 'repurposing' farm subsidies harming environment

Animal-based food generates nearly twice the emissions as plant

Researchers potty-train cows to reduce ammonia emissions

TRADE WARS
First observation of energy-difference conservation in optical domain

Spintronics: Physicists develop miniature terahertz sources

Ultra-efficient tech to power devices of tomorrow and forge sustainable energy future

Researchers use gold film to enhance quantum sensing with qubits in a 2D material

TRADE WARS
Airbus launches extra high performance wing demonstrator to fortify decarbonisation ambition

KLM Flight Academy signs up for 14 Bye Aerospace All-electric eFlyers

Air Force secretary: Branch focused on confronting China, must retire old platforms

US Navy jet crashes in Texas neighborhood, pilots hospitalized

TRADE WARS
Swedish electric car maker Polestar plans $20-bn IPO

Shares in Evergrande EV unit plunge as cash dries up

UK climate motorway protesters risk jail under new injunction

Making self-driving cars safer through keener robot perception

TRADE WARS
China's central bank rules all crypto transactions are illegal

Australia sets conditions for China joining Pacific pact

EU says US tech talks going ahead despite French anger

Evergrande agrees deal to avoid default on key bond: company

TRADE WARS
US firefighters optimistic over world's biggest tree

Romania probes logger assault claim by filmmakers

Death stalks Colombian defenders of nature

Death stalks Colombian defenders of nature

TRADE WARS
Exolaunch to facilitate launch of Lunasonde's Gossamer Satellite Constellation

Earth from Space: Maharloo Lake

What's going on with the ozone?

Jet stream changes could amplify weather extremes by 2060s

TRADE WARS
Striking Gold: A Pathway to Stable, High-Activity Catalysts from Gold Nanoclusters

Tracking the movement of a single nanoparticle

Researchers demonstrate technique for recycling nanowires in electronics

Custom-made MIT tool probes materials at the nanoscale









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.