Charlotte, NC – Unemployment numbers fell for a second straight month following the coronavirus shut downs. The US added jobs in May and followed that up by adding 4.8 million more jobs in the month of June. This brings US unemployment down to 11.1 %.
Across the media, stories were focused on initial jobless claims, rather than the good news of the June report. The economic reports continue to look good for the United States, even as coronavirus concerns linger. For example, ADP Research Institute and Moody’s Analytics both reported that private employers added approximately 2.4 million employees to their payrolls in June.
While the news continues to improve for the economy, there are still over 19 million Americans on insured unemployment according to the US Labor Department. The latest unemployment claims were released on Thursday, showing that over 1.4 million people signed up for unemployment last week.
Unemployment Insurance Weekly Claims
Initial claims were 1,427,000 for the week ending 6/27 (-55,000).
Insured unemployment was 19,290,000 for the week ending 6/20 (+59,000).https://t.co/ys7Eg5LKAW
— U.S. Department of Labor (@USDOL) July 2, 2020
While the economic information should be a boost for confidence, the eyes of Congress is focused on a new coronavirus stimulus plan. President Trump, Democrats, and Republicans have all released a wide array of proposals for a new aid plan. It is expected a new plan would be proposed by end of the year.
One of the major points of this new plan would be a bonus to Americans to encourage them to go back to work. Many feel that the workforce has been encouraged not to seek work due to the expanded unemployment benefits included as part of the Cares Act.
Stay tuned to The Liberty Loft as we keep you up to date on the latest developments in the situation. Be sure to subscribe to The Liberty Loft’s daily newsletter. If you enjoy our content, please consider donating to support The Liberty Loft so we can continue to deliver great content.
131756 241123hey was just seeing should you minded a comment. i like your site and the theme you picked is super. I will likely be back. 249120
520182 115552excellent post. Neer knew this, thanks for letting me know. 393193
238646 478314I was suggested this site by my cousin. Im not sure whether this post is written by him as no 1 else know such detailed about my trouble. Youre great! Thanks! xrumer 991717
590349 379163I located your weblog internet site on google and check a couple of of your early posts. Proceed to preserve up the very good operate. I just extra up your RSS feed to my MSN News Reader. Seeking for ahead to reading extra from you later on! 289840
370476 483446My California Weight Loss diet invariably is an cost effective and versatile staying on your diet tv show created for men and women who find themselves preparing to drop extra pounds and furthermore ultimately keep a significantly healthier habits. la weight loss 803722
837137 514830hi was just seeing if you minded a comment. i like your site and the thme you picked is awesome. I is going to be back. 89219
935331 33527Its always good to learn suggestions like you share for blog posting. As I just started posting comments for weblog and facing difficulty of lots of rejections. I think your suggestion would be useful for me. I will let you know if its function for me too. 512707
643446 908613Very good design and style and wonderful topic matter, very small else we want : D. 808899
473206 163244Hey there! Someone in my Myspace group shared this site with us so I came to take a appear. Im surely enjoying the information. Im bookmarking and will probably be tweeting this to my followers! Excellent weblog and outstanding style and design. 935003
329097 993648You should take part in a contest for among the best blogs on the web. I will suggest this internet web site! 286387
319176 726343We clean up on completion. This could sound obvious but not several a plumber in Sydney does. We wear uniforms and always treat your home or office with respect. 778795