fbpx
No Result
View All Result
The Liberty Loft
  • Home
  • Podcasts
    • The Closet Conservative Podcast
    • A Conservative View from New Hampshire
    • Politically Insane
    • The Right of Center Podcast
  • About Us
    • About Us
    • Our Team
    • Contact
    • Advertising
    • Find Us Online
  • Submit
  • Work with us!
Newsletter
No Result
View All Result
The Liberty Loft
Sign Up

Just over 2.4 million Americans file for unemployment

by The Liberty Loft Editorial Board
August 24, 2022
in Breaking News, Current Events
Unemployment numbers,

Charlotte, NC – Just over 2.4 million Americans have filed unemployment in the past week. This matches the estimates that forecasters had given of 2.4 million. It highlights how job losses continue against the stay orders across the country.

The nine-week total of job losses now amounts to 39 million, the highest level of unemployment since the Great Depression. But among all of the negative information, there are some positives.

While the claims are high, Fox News reports it is continuing to decline week after week at this point. It’s a sign that the significant purge of jobs is slowing. Some states, like Georgia, saw declines in unemployment rates due to reopening plans.

As states continue to make moves to reopen, the expectation is for the unemployment rates to fall to a point. As people return to work, the need for continued unemployment should ease. Many jobs may not recover, however.

Multiple retail outlets, manufacturers, and restaurants have already filed for bankruptcy. While some have promised reorganization, many others have closed locations permanently. The exact total of unemployment due to these closures has not been determined.

Encouraging signs of some economic recovery exist as well. The Dow continues to rise as investors concerns are eased. The oil industry has rebounded. Some reports out of manufacturing and distribution show that the demand is increasing, forcing expanded hours and services.

While the final toll the stay orders will take on our economy is still to be determined, there is a need to get the economy open as quickly and safely as possible. There is an economic recovery on the horizon.

Stay tuned to The Liberty Loft for the latest updates on the economy and coronavirus recovery. If you enjoy what you read at The Liberty Loft, consider donating to support us! Find out more on our website.

Loading
Share with others!
Next Post
Warren’s case to be Biden running mate

Elizabeth Warren’s case to be Biden’s running mate

Devotionals from Another Well Ministries

The mystery before our eyes
The mystery before our eyes

No matter where you look in life, you will never find true happiness outside of Jesus Christ. [...]

Making your life count!
Making your life count!

Instead of being consumed by the things of this world, our lives should be consumed by our efforts to live for God! [...]

A God who sends comfort to those in need
A God who sends comfort to those in need

Don't give up hope. We serve a God of comfort, and He knows exactly what you need! [...]

The Liberty Loft

© 2022 The Liberty Loft

Navigate Site

  • Home
  • Podcasts
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Podcasts
    • A Conservative View from New Hampshire
    • The Closet Conservative Podcast
    • Politically Insane
    • The Right of Center Podcast
  • About Us
    • Our Team
    • Contact
    • Advertising
    • Find Us Online
  • Newsletter
  • Submit
  • Work with us!

© 2022 The Liberty Loft