{"id":176397,"date":"2020-06-25T18:56:00","date_gmt":"2020-06-25T23:56:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/06\/25\/1%c2%bd-million-for-the-3rd-week-in-a-row\/"},"modified":"2020-06-25T18:56:00","modified_gmt":"2020-06-25T23:56:00","slug":"1%c2%bd-million-for-the-3rd-week-in-a-row","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/06\/25\/1%c2%bd-million-for-the-3rd-week-in-a-row\/","title":{"rendered":"1\u00bd Million for the 3rd Week in a Row"},"content":{"rendered":"<div style=\"border: 1px solid black; float: right; margin: 0px 10px; padding: 5px; text-align: center; width: 360px;\"><a href=\"https:\/\/i.imgur.com\/Ohv06le.png\"><img decoding=\"async\" border=\"0\" bordercolor=\"white\" src=\"https:\/\/i.imgur.com\/Ohv06le.png\" width=\"350\" \/><\/a><br \/><i>Not Good<\/i><\/div>\n<p>Initial unemployment claims <a href=\"https:\/\/www.wsj.com\/articles\/unemployment-benefits-weekly-jobless-claims-coronavirus-11593044266\">remained at 1.5 million<\/a>, worse than had been predicted.<\/p>\n<p>This is not a &#8220;V-Shaped&#8221; recovery:<\/p>\n<blockquote><p><span style=\"color: blue;\">The number of workers seeking jobless benefits has held steady at about 1.5 million each week so far in June, signaling a slow recovery for the U.S. economy as states face new infections that could impede hiring and consumer spending.<\/p>\n<p>Applications for unemployment benefits were <a href=\"https:\/\/www.dol.gov\/ui\/data.pdf\">slightly below 1.5 million last week<\/a>, at 1.48 million, the Labor Department reported Thursday. While weekly totals have gradually eased from a late March peak of nearly 7 million, they also remain well above the prepandemic record of 695,000 in 1982.<\/p>\n<p>Meanwhile, the number of people receiving benefits, an indicator for overall layoffs, totaled 19.5 million in the week ended June 13, down slightly from previous weeks.<\/p>\n<p>Economists say the sluggish improvements in claims tallies dim prospects for a quick recovery. Further, <a href=\"https:\/\/www.wsj.com\/articles\/coronavirus-numbers-are-accelerating-across-u-s-11593018754?mod=hp_lead_pos1\">a recent increase in coronavirus cases<\/a> could affect efforts to reopen the economy\u2014and get people back to work and spending money. <\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/www.wsj.com\/articles\/chuck-e-cheese-parent-seeks-bankruptcy-amid-extended-restaurant-closures-11593081327?mod=lead_feature_below_a_pos1\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not Good Initial unemployment claims remained at 1.5 million, worse than had been predicted. This is not a &#8220;V-Shaped&#8221; recovery: The number of workers seeking jobless benefits has held steady at about 1.5 million each week so far in June, signaling a slow recovery for the U.S. economy as states face new infections that could &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[450,458,494],"class_list":["post-176397","post","type-post","status-publish","format-standard","hentry","tag-employment","tag-recession","tag-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/176397"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=176397"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/176397\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=176397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=176397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=176397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}