Posted on 01/14/2021 6:52:08 AM PST by Red Badger
American workers filed 965,000 applications for unemployment benefits last week — an unexpected surge as the coronavirus kept the labor market under pressure, the feds said Thursday.
The latest batch of initial jobless claims brought the total reported during the COVID-19 pandemic to nearly 74.8 million — a number larger than the populations of Canada and Saudi Arabia combined.
New filings spiked from the prior week’s revised total of 784,000 amid the latest round of lockdown measures brought on by a rise in coronavirus cases and deaths. Economists were expecting 787,000 claims for last week, according to Wrightson ICAP.
“Deterioration may still lie ahead as new virus infections surge and restrictions show no sign of abating,” Bloomberg economist Eliza Winger said.
(Excerpt) Read more at nypost.com ...
Don’t worry, Comrades!
As soon as President Trump is rode out of town on a rail, and Biden and Harris are ‘installed’ everything will be Bread and Circuses again, and the Ruling Class can continue their plans to rape, pillage and burn America, down to the very last of you Surfs!
*SPIT*
When Obama failed miserably on the economy, we were told it was “funemployment” - idle workers enjoying a well-deserved rest. Yes, they really said that.
Impending Biden Effect.
I’m just waiting for the MSM to push that propagandistic phrase, “green shoots”.
Notice how Covid is getting the blame rather than Biden fear? Sounds like Bush’s fault.
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