Monthly Archives: August 2020

Unfortunately, both state and federal ‘initial’ unemployment claims are jumping. 28 million people on unemployment insurance, 17.5% of the workforce: Week 22 of U.S. labor market crash

The number of people who lost their jobs and submitted to the state as a federal UI during the week jumped to 1.43 million. A rate of 6 million a month. By Wolf Richter for WOLFSTREET. What happened in last week’s report for unemployment claims was disturbing: “Start” claims under …

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Trump accuses Biden of leaving his hometown ahead of DNC speech

OLD FORGE, Pa. President Donald Trump tried to portray rival Joe Biden as a working-class figure when he accepted the Democratic nomination for president on Thursday, close to the president’s residence of the former vice president in Pennsylvania. “I hope he does well. I’ll be honest, I do,” Trump said. …

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