Offbeat United States: more than 2.4 million new jobless claims registered in a week

00:52  22 may  2020
00:52  22 may  2020 Source:   rfi.fr

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With over 38 million U . S . unemployment claims in nine weeks , there is growing concern that many jobs are never coming back. Even as restrictions on businesses began lifting across the United States , another 2 . 4 million workers filed for jobless benefits last week , the government reported

The 4- week moving average, which removes week -to- week volatility, eased for a third straight week to 3.617 million , while continuing jobless claims hit a new record of 22.833 Initial Jobless Claims in the United States averaged 362.43 Thousand from 1967 until 2020, reaching an all time high of 6867

De nombreux petits commerces ont été contraints de déposer leur bilan. Ici, la boutique d'un barbier fermée à Washington, le 8 mai 2020, à cause de l'épidémie. © REUTERS / Leah Millis Many small businesses have been forced to file for bankruptcy. Here, a barbershop closed in Washington on May 8, 2020, because of the epidemic.

More than 2.4 million new unemployment benefit claims were made in the United States last week. The level remains very high even if it is far from the historical record recorded at the end of March. The gradual reopening of the US economy has yet to trigger a rebound in activity.

From our correspondent in Washington,

In nine weeks 38.6 million Americans registered as unemployed . A historic record over such a short period. The increase continues but it is slowing: with 2.4 million new registrants, we are far from the peak observed during the last week of March when nearly seven million people had applied for an allowance.

Jobless claims rise by nearly 3M, bringing COVID-related total to 36.5 million

  Jobless claims rise by nearly 3M, bringing COVID-related total to 36.5 million Filings for unemployment claims rose by just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new claims for unemployment insurance brought the coronavirus crisis total to nearly 36.5 million, by far the biggest loss in U.S. history. Last week’s count was revised up by 7,000 to 3.176 million.Economists surveyed by Dow Jones had been expecting 2.7 million new claims.Stock market futures moved lower following the numbers.

Continuing claims (which lag behind initial jobless claims data by one week ) are anticipated to total 23.5 million for the week ending May 9, after a record 22.83 million in the previous The United States has been the hardest-hit country, with more than 1.5 million cases and over 93,000 deaths.

More than 2 . 4 million Americans filed initial unemployment claims last week even as all 50 states begin to reopen their economies amid the coronavirus pandemic, according to Roughly 38.6 million Americans have now sought jobless benefits over the last nine weeks , illustrating the devastating

Donald Trump is banking on a rapid rebound in the economy, evoking a period of "transition to greatness" and ensuring that next year will be phenomenal.

But the experts are more circumspect. Many jobs are lost permanently. Many small businesses, particularly in the restaurant industry, have been forced to file for bankruptcy and Americans still worried about a pandemic still present in the country are not about to return to unrestrained consumption. For the unemployed the already difficult situation is likely to get complicated this summer: they will receive until July an additional aid of 600 dollars per week voted by the Congress. The Democrats want to extend this arrangement, but the Republicans oppose it.

Read also:

Coronavirus: unemployment in the United States reaches a level never seen since the 1930s

Brazil, Chile, Peru: sudden increase in the number of Covid-19 cases in South America .
© Copyright 2020, L'Obs The coronavirus epidemic continues to progress in South America. The spread "accelerates" in Brazil, Peru and Chile, warned on Tuesday May 26 a regional agency of the World Health Organization (WHO), calling on these countries not to relax the measures intended to slow the contamination .

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