in

First-Time Unemployment Claims Reach 900K

​States reported that 900,000 U.S. workers filed for new unemployment benefits during the week ending Jan. 16, a decrease of 26,000 from the previous week’s revised level. The total number of workers continuing to claim unemployment benefits fell to 5 million. About 16 million people are receiving some type of unemployment aid.

Initial unemployment claims are just under a five-month high, as labor market seasonality factors coincide with a spike in coronavirus cases. The Biden administration unveiled a $1.9 trillion stimulus proposal last week, which called for an extension of federal unemployment programs beyond their current spring expiration date, and an increase to weekly unemployment benefits.

Source Article

Written by HR Today

Biden Immigration Plan Legalizes Millions of Undocumented Workers

Amsterdam Trade Bank provides EUR 40 mn debt funding for creditshelf platform