Unemployment claims smash 1982 record amid pandemic
Nearly 3.3 million Americans filed for unemployment benefits in a single week as coronavirus shutdowns devastate the economy. The Labor Department report shows a dramatic surge with California, New York, Nevada, and Rhode Island posting large increases while the overall rate climbs toward recessionary levels. President Trump called the figures fully expected.
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Retail hires surge as pandemic boosts demand nationwide
Retail firms expand employment to meet higher consumer demand while others cut staff due to closures and COVID-19 disruptions. Large chains and smaller retailers alike are adjusting hiring, with thousands of positions created to support sales, inventory, and operations during the ongoing health crisis.
Congress Bill Expands Unemployment Aid Amid Virus
New York reports record jobless claims as Congress prepares a 2.2 trillion package to add 600 weekly benefits for four months, extend 13 weeks, and cover gig workers. It includes $1,200 direct payments per adult, $500 per child, and payroll incentives while banks and utilities gain liquidity.
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