Initial unemployment claims jumped in Virginia last week

Initial unemployment claims jumped in Virginia last week

"We were able to put in the changes needed so that most claimants will start receiving the extra $300 a week right away", DETR Director Elisa Cafferata said in a statement.

"The 4-week moving average was 818,750, a decrease of 18,750 from the previous week's revised average". Before the recession, weekly jobless claims typically numbered around 225,000. That's an increase of 919 new claims and 8,975 ongoing claims compared to the previous week of December 20-26.

US stocks were trading higher as investors bet on more pandemic aid under a Democrat-controlled Congress. "Job growth should pick up in the spring as vaccine distribution continues, better weather allows for more outdoor activities and states gradually loosen restrictions".

There have now been more than 1 million unemployment claims made in Colorado since mid-March, including 773,558 regular initial claims. The number of Americans who are considered long-term unemployed was at a seven-year high of almost 4 million in November. As well, many businesses expect a flood of new regulations from the Biden administration, which is also a drag on the labor market.

Elevated claims are in line with other data that have suggested the economy was taking a beating from business restrictions and retrenchment in consumer spending because of the pandemic. Figures for December will be released later this month. Retailers expanded their payrolls by hundreds of thousands of workers to prepare for the holiday shopping season. But because they hired fewer workers than Department of Labor economists expected, this showed up as a contraction in the seasonally adjusted figures. Some of the traditional retail jobs also appear to have migrated into shipping and warehousing as shoppers moved online. The first allowable week of the $300 supplemental benefit is the week ending January 2, 2021.

Monster Hunter Rise demo coming later today on Switch
Many other classic and fan-favorite monsters will be returning to join the ever-growing roster of foes in Monster Hunter Rise. Additionally, a new trailer showcases a wyvern riding gameplay mechanic as well as a new monster in the fanged Goss Harag .

The claims report also showed the number of people receiving benefits after an initial week of aid declined 126,000 to 5.072 million in the week ending December 26. It was a sharp decline from the prior week as various states, including Florida, didn't report any PUA claims.

The number of Americans seeking unemployment remained at almost 800,000 claims heading into 2021 as the much-needed $300 per week benefit boost from the latest coronavirus relief bill kicked in.

The New Mexico Department of Workforce Solutions announced Wednesday that it will begin paying some benefits approved under the federal Continued Assistance for Unemployed Workers Act of 2020.

This will also be the first week in which claimants will see the supplemental $300 benefit, which runs from January 2 to March 14 after President Donald Trump signed a $900 billion coronavirus relief bill that funds the program that lapsed in the summer. FPUC benefit payments are fully federally-funded and the funds are added to the recipient's state weekly benefit amount. At that time, existing claimants should resume filing weekly claims.

Related Articles

  • Here's how much Apple CEO Tim Cook earned in 2020

    Here's how much Apple CEO Tim Cook earned in 2020

    For Tim Cook , as the chief executive of the company, his cash bonus reportedly increased by 40% in 2020. Apple also named Monica Lozano , chief executive officer of College Futures Foundation, to its board.
    Iraqi judge issues arrest warrant for Donald Trump

    Iraqi judge issues arrest warrant for Donald Trump

    Following the airstrike that killed the two leaders, Trump had called the operation as taking out "two for the price of one". The twin assassinations had stoked fears of a new war in the Middle East between the US and Iran.
    Ray Fisher's Cyborg Being Written Out of 'The Flash'

    Ray Fisher's Cyborg Being Written Out of 'The Flash'

    Fisher resigned from the role last week due to his perpetuating beef with DC Films President Walter Hamada . Hamada will be overseeing The Flash , and his role as overseer of DC movies will continue until 2023.
  • Explosives found at RNC and DNC headquarters in DC were real

    Explosives found at RNC and DNC headquarters in DC were real

    At the same time , rioters were attempting a coup, as Trump supporters entered congressional chambers in the Capitol. The explosive device at the RNC was destroyed by a bomb squad, according to The Times , citing an RNC official.
    Jeep Grand Cherokee L

    Jeep Grand Cherokee L

    As we expected, the exterior design of the Grand Cherokee L is quite a bit different than the Grand Cherokee we're familiar with. Jeep has worked overtime to ensure that its most affordable product here has what it takes to woo and wow prospective buyers.
    Amid short supplies, vaccine doses can be 6 weeks apart

    Amid short supplies, vaccine doses can be 6 weeks apart

    Both variants contain mutations including N501Y, an adjustment in the spike protein of the virus, which is a target for vaccines. The research has yet to be peer-reviewed, but experts expressed cautious optimism at the findings.
  • Capitol Police rejected offers of federal help to quell Trump supporters

    Capitol Police rejected offers of federal help to quell Trump supporters

    The young officer, who appears to be a member of the Capitol Police Department, is pinned between a riot shield and metal door. Sicknick has died due to injuries sustained while on-duty during the Wednesday riots at the Capitol.
    The Guardian Criticized for Vaccine Article about Israel

    The Guardian Criticized for Vaccine Article about Israel

    They spurned UAE's [United Arab Emirates] Covid aid -They're awaiting millions of doses of Russian vaccine. To continue the successful campaign, Israel will need a steady supply of the pledged vaccines.
    IPhone Series 13 may have two Pro models with 120Hz OLED displays

    IPhone Series 13 may have two Pro models with 120Hz OLED displays

    The company plans to produce 60,000 sheets per month, while LG only manufactures 5,000 sheets per month. These panels require a layer of oxide in the mixture, which is a bit complex to achieve.
  • KGF Chapter 2 teaser out ahead of schedule

    KGF Chapter 2 teaser out ahead of schedule

    Reportedly, the teaser of KGF Chapter 2, crossed one million likes on YouTube within just one hour of its release. The makers had initially planned to release the teaser on Friday, to mark the 36th birthday of KGF star Yash.
    Diesel And Petrol Prices In Bhubaneswar On Thursday, Check Rates Here

    Diesel And Petrol Prices In Bhubaneswar On Thursday, Check Rates Here

    Data showed that a motorist in Calcutta would have to pay Rs 85.68 for a litre of petrol and Rs 77.97 for a litre of diesel. In Chennai , the petrol price now is Rs 86.96 a litre, a shade lower than historic high level of Rs 87.33 a litre.
    US prosecutors decline to charge white police officer in shooting of Blake

    US prosecutors decline to charge white police officer in shooting of Blake

    The district attorney now says it was that type of evidence that shows the shooting to be an act of self-defense. Kenosha police officer Rusten Sheskey will face no criminal charges for the August shooting of Jacob Blake .