Washington, August 6
With the nation nonetheless gripped by an alarming resurgence of coronavirus instances, the US authorities will present its newest snapshot on Thursday of the layoffs which have remained elevated at a weekly tempo above 1 million for the reason that pandemic erupted in March.
The fee of purposes for unemployment advantages has stalled at roughly twice the file excessive that had existed earlier than the virus despatched the economic system spiralling right into a recession.
With many states and localities having re-imposed lockdowns in response to the spreading virus, companies face renewed struggles which have pressured some to impose additional job cuts or to close down.
The newest string of layoffs follows the expiration of a USD 600 weekly federal jobless fee that offered important help for lots of the unemployed.
Members of Congress are locked in extended negotiations over a brand new rescue help bundle which may prolong that unemployment profit, although seemingly at a decrease degree of fee. AP