Unemployment Eases Some as Claims Fall in Week
U S jobless claims dropped 36 000 to 837 000 in the week ended Sept 26 while continuing claims slipped to 11.8 million for the week ended Sept 19 Economists had expected a larger fall California’s data were delayed as the state suspended new applications for two weeks Bloomberg surveys noted risks to the broader economy persist with stimulus talks stalled and major firms announcing layoffs including Walt Disney Allstate Shell Goldman Sachs plans Yelp reports many small businesses shuttered since March 1 Florida Texas and Georgia saw declines in initial claims Maryland New Jersey and Illinois posted increases in filings
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Judge orders mass text to Census workers over counting enddate
A federal judge in San Jose ruled the Census Bureau must text every 2020 census worker to notify that the Oct 5 deadline is not in effect and counting continues through Oct 31. The order also requires a sworn filing from Census Bureau Director Steven Dillingham and warns of sanctions for further violations.
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Trump’s positive virus test jolts Wall Street markets
Wall Street fell as President Trump tested positive for COVID-19, easing from early losses to a modest close. The S&P 500 dropped 1.7 percent at first, the Dow slid 134.09 points, and the Nasdaq fell 2.2 percent while optimism rose over possible stimulus and Washington action.
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