Global Statistics

All countries
200,928,675
Confirmed
Updated on August 5, 2021 12:42 am
All countries
179,168,812
Recovered
Updated on August 5, 2021 12:42 am
All countries
4,268,881
Deaths
Updated on August 5, 2021 12:42 am

Global Statistics

All countries
200,928,675
Confirmed
Updated on August 5, 2021 12:42 am
All countries
179,168,812
Recovered
Updated on August 5, 2021 12:42 am
All countries
4,268,881
Deaths
Updated on August 5, 2021 12:42 am

U.S. weekly jobless claims total 1.186 million, lowest level of the coronavirus pandemic

Grand Jury Deliberations in Breonna Taylor Case Will Be Released

U.S.|Grand Juror in Breonna Taylor Case Says Deliberations Were MisrepresentedThe Kentucky attorney general’s office said it would release the panel’s recordings after a grand juror contended in a court filing that its discussions were inaccurately characterized.Breonna Taylor's family and the lawyer Ben Crump, right, said the charges a Kentucky grand jury agreed upon in the…

Video shows alleged ballot harvesting in Ilhan Omar’s district

Fox News Back to Top ©2020 FOX News Network, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes. New Privacy Policy - New Terms of Use (What's New) - FAQ

A Once-in-a-Century Climate ‘Anomaly’ Might Have Made World War I Even Deadlier

(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…

Sean Hannity claims Dems ‘put all their eggs in the debate basket’ ahead of first Biden-Trump showdown

Joe Biden's campaign has "put all their eggs in the debate basket" after the Democratic nominee kept a low profile for much of the summer, Sean Hannity claimed Monday.“I believe his campaign team – they are seeing what we all see,” said the “Hannity” host, who noted that the former vice president's campaign wrapped up its public events…

Tucker: Amy Coney Barrett ‘represents everything that made this a great country,’ so Dems ‘despise her’

Supreme Court nominee Judge Amy Coney Barrett is causing an uproar among Democrats and according to Tucker Carlson, her happy family is what’s driving them crazy.“Democrats know Amy Coney Barrett’s life refutes the lies they have pushed on the rest of us for decades, [so] they must destroy her personally,” the “Tucker Carlson Tonight” host said…

Weekly jobless claims hit their lowest level of the pandemic area, totaling 1.186 million last week, well below Wall Street expectations.

Economists surveyed by Dow Jones had been looking for 1.42 million. The level for the week ended Aug. 1 represented a drop of 249,000 from the previous period. 

Amid worries that the employment picture was faltering after two record-breaking months of job creation, the claims number indicates some momentum. Continuing claims, or those who have collected benefits for two straight weeks, dropped by 844,000 to 16.1 million.

Markets reacted positively to the news, with Dow futures shaving almost all of their earlier losses as stocks looked to open about flat.

The last time the weekly claims number was this low was March 14, just as the coronavirus hit pandemic status and the U.S. economy came to a standstill in an effort to halt the spread. The totals since then have easily eclipsed anything seen before in records going back to 1967.

Even with this past week’s improvement, the total remains well above the pre-pandemic record of 695,000 in 1982.

The four-week moving average, which smooths volatility in the numbers, fell by 413,250 to 16.6 million. But the damage to the labor remains deep and this was the 20th consecutive week that claims have run above 1 million.

The total of those claiming benefits, which lags the current data by two weeks, rose to 32.1 million as of July 18, an increase of 1.3 million from the previous week. 

Pandemic Unemployment Assistance recipients declined to 655,707, a fall of 253,093 from the previous week as the program expired July 31. The program provided benefits to those who normally wouldn’t be covered under traditional unemployment insurance. Congress and the White House are working on an extension of the program but have not reached an agreement yet.

The report comes a day ahead of the Labor Department’s nonfarm payrolls release for July. Economists expect it to show growth of nearly 1.5 million, though Wednesday’s private payrolls report from ADP, which showed a gain of just 167,000.

The past week’s improved showing from claims will not be reflected in the July count as it falls outside the Bureau of Labor Statistics’ sample week.

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Grand Jury Deliberations in Breonna Taylor Case Will Be Released

U.S.|Grand Juror in Breonna Taylor Case Says Deliberations Were MisrepresentedThe Kentucky attorney general’s office said it would release the panel’s recordings after a grand juror contended in a court filing that its discussions were inaccurately characterized.Breonna Taylor's family and the lawyer Ben Crump, right, said the charges a Kentucky grand jury agreed upon in the…

Video shows alleged ballot harvesting in Ilhan Omar’s district

Fox News Back to Top ©2020 FOX News Network, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes. New Privacy Policy - New Terms of Use (What's New) - FAQ

A Once-in-a-Century Climate ‘Anomaly’ Might Have Made World War I Even Deadlier

(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…

Sean Hannity claims Dems ‘put all their eggs in the debate basket’ ahead of first Biden-Trump showdown

Joe Biden's campaign has "put all their eggs in the debate basket" after the Democratic nominee kept a low profile for much of the summer, Sean Hannity claimed Monday.“I believe his campaign team – they are seeing what we all see,” said the “Hannity” host, who noted that the former vice president's campaign wrapped up its public events…

Tucker: Amy Coney Barrett ‘represents everything that made this a great country,’ so Dems ‘despise her’

Supreme Court nominee Judge Amy Coney Barrett is causing an uproar among Democrats and according to Tucker Carlson, her happy family is what’s driving them crazy.“Democrats know Amy Coney Barrett’s life refutes the lies they have pushed on the rest of us for decades, [so] they must destroy her personally,” the “Tucker Carlson Tonight” host said…

Related Articles

Grand Jury Deliberations in Breonna Taylor Case Will Be Released

U.S.|Grand Juror in Breonna Taylor Case Says Deliberations Were MisrepresentedThe Kentucky attorney general’s office said it would release the panel’s recordings after a grand juror contended in a court filing that its discussions were inaccurately characterized.Breonna Taylor's family and the lawyer Ben Crump, right, said the charges a Kentucky grand jury agreed upon in the…

Video shows alleged ballot harvesting in Ilhan Omar’s district

Fox News Back to Top ©2020 FOX News Network, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes. New Privacy Policy - New Terms of Use (What's New) - FAQ

A Once-in-a-Century Climate ‘Anomaly’ Might Have Made World War I Even Deadlier

(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…