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    The labor market tightened further last week, with initial jobless claims calling to their lowest level in more than 53 years, the Labor Department reported Thursday. Initial filings for unemployment claims were expected to total 200,000 for the week ended April 2, according to Dow Jones estimates. This is breaking news. Please check back here for updates.TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
    Netflix is expanding its push into mobile gaming.Sopa Images | Lightrocket | Getty Images Netflix's stock has now given up all its pandemic gains. On Monday, the streaming service's shares fell more than 2% to around $332 a share, a 52-week low. That's more than 50% down from the company's 52-week high of $700.99, which it hit in mid-November. The last time shares sold for around $332 a pop was March 20, 2020, just as pandemic lockdowns were being put in place. Netflix saw significant gains during in 2020 and 2021 as consumers were stuck at home under these restrictions. However, as these mandates dissipate, consumers are gravitating toward out-of-home entertainment like movie theaters, restaurants and theme parks. The company is also facing increased competition from other companies like Apple and Disney, which are pulling viewers away from Netflix content. This is a breaking news story. Please check back for updates. TVWATCH LIVEWATCH IN THE APPUP NEXT | ETListen
              more   The four-week average number of Florida jobless claims reached its lowest mark since before the COVID-19 pandemic. The U.S. Department of Labor (USDL) released the information on Wednesday. The data reflected 5,343 first-time unemployment claims filed in Florida during the week that ended November 20, which dropped the four-week average to 6,045 claims. Prior to March 15th, 2020, the beginning of the pandemic, the four-week average of jobless claims was 5,376. This is slightly higher than the data recorded last week which only reflects one week, but is also slightly less than the four-week average. The beginning of the pandemic caused many businesses to either shut down or scale back. The number of new unemployment claims immediately jumped to 74,313 within the first week, and reached its peak a month later with 506,670 claims for the week ending April 18th, 2020. In a recent press conference highlighting Florida’s job growth and continued decline of the number of unemployment claims, Florida Governor Ron DeSantis stated, “We have a great business environment for (manufacturing). A lot of the places where...
    A for sale sign sits outside a house in Miami Beach October 22, 2009.Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association's seasonally adjusted index, falling to the lowest level since the beginning of 2020, before the coronavirus pandemic started to take a toll on the economy. Both refinance and purchase applications took a hit, even as mortgage rates slipped. Mortgage applications to refinance a home dropped 2% for the week and were 8% lower than a year ago. Refinance applications have trended lower than 2020 levels for the past four months, according to the MBA. Home purchase applications dropped 1% for the week and came in 14% lower than a year ago.   "Swift home-price growth across much of the country, driven by insufficient housing supply, is weighing on the purchase market and is pushing average loan amounts higher," said Joel Kan, MBA's associate vice president of economic...
                        The U.S. Department of Labor (DOL) reported the lowest number of initial Florida unemployment claims since the week that ended March 14th, 2020. According to the DOL, the week that ended June 5 recorded an estimated 5,800 initial unemployment claims, which is down from a revised number of 8,257 claims from the week before. The Florida Department of Economic Opportunity (DEO) determined that March 15, 2020 is the official start date of the pandemic when calculating the weekly number of jobless claims recorded since it began. The week that ended March 14, 2020 recorded 6,463 initial claims in Florida, and before that, the state averaged 5,506 initial unemployment claims a week in 2020; meaning, the June 5 data released on Thursday reflecting 5,800 is only about 300 more claims than what the average was before the pandemic. Governor Ron DeSantis and the Florida Legislature have been determined since summer 2020 to get the state back on its feet and fully recovered from economic turmoil that was caused by...
    The number of Americans filing for initial jobless aid fell to another post-pandemic low last week as the economy continues to recover and layoffs ease. Some 473,000 workers filed for unemployment benefits in the week ended May 1, the Labor Department said Thursday. That's a drop of 34,000 from the previous week and the lowest weekly claims figure since March 14, 2020. Claims remain roughly double the number of weekly aid applications in a typical week before the health crisis. Another 103,600 people filed for Pandemic Unemployment Assistance, a federal program for self-employed and gig workers. While layoffs around the U.S. are slowing, millions of Americans are still relying on jobless benefits. Nearly 17 million people were receiving some sort of jobless aid as of April 24, an increase of half a million from the prior week. This is a developing story.
    The White House told governors Tuesday morning it will begin redistributing vaccine doses from states where they are going unused to other areas where there is higher demand as the number of new shots administered dropped to its lowest point in three months. The new procedure, first reported by The Washington Post, will make sure unused doses do not carry over weekly, and instead be added to a federal bank available to states where demand outweighs supply. States who do not or refuse their full allocation in one week will not lose out permanently, and only have to hand over their doses to the government on a one-time basis. Initial distribution will still depend on the adult population in each state. In recent weeks, many states have seen large amounts of those doses not being distributed – unlike earlier this year where most states found it almost impossible to keep stocked in order to keep up with demand. Joe Biden told governors on Tuesday that states who do not use their full vaccination allocation will be redistributed to...
    March 25, 2021 12:39 PM | With information from EFE 15 minutes. The weekly number of applications for unemployment benefits in the United States (US) fell to 684,000 last week, compared with 781,000 in the previous week, according to the Department of Labor (DOL) reported on Thursday. It is the first time since the COVID-19 pandemic began that the number of new procedures in a week is below the 700,000 level. However, it remains above the 205,000 requests that were normal in the weeks leading up to the pandemic. The average number of applications in 4 weeks, a measure that compensates for the weekly ups and downs, was 736,000 processes last week, compared with 749,000 the previous week. According to DOL data, in the week ending March 13, there were 3.87 million people receiving this benefit. The week before that number was 4.13 million. Unemployment Insurance Weekly Claims Initial claims were 684,000 for the week ending 3/20 (-97,000). Insured unemployment was 3,870,000 for the week ending 3/13 (-264,000). Https://t.co/ys7Eg5LKAW – US Labor Department (@USDOL) March 25, 2021 Although the weekly...
    The number of people filing for unemployment benefits in the United States fell sharply last week to 684,000. Miami World / AP The lowest total since the outbreak of the pandemic a year ago and a sign that the economy is improving. The Labor Department report on Thursday indicated that applications fell from 781,000 the previous week. It is the first time that claims for unemployment payments have fallen below 700,000 since mid-March of last year. Before the pandemic hit the economy, requests had never reached that level. Still, a total of 18.9 million people continue to receive unemployment assistance, compared with 18.2 million the previous week. About a third of those people are in extended federal programs, which means they have been unemployed for at least six months. Your prolonged unemployment could become a long-term handicap. Usually, many people who have been unemployed for a long time work to find new jobs even as the economy recovers. JPMorgan Unemployment The economy has been showing signs of emerging from the crisis with renewed vigor, as spending increases, manufacturing activity...
    EXPERTS believe the country’s darkest days are over, as the R rate fell to its lowest since May. It comes as Covid cases plummeted by a third in seven days, with one in 270 people in England infected last week. ???? Read our coronavirus live blog for the latest news & updates... 9The falling R rate and number of infections have heaped extra pressure on Boris Johnson to speed up the timetable of easing restrictionsCredit: Getty Images - Getty 9The UK's R rate is second only to Portugal in Europe PM Boris Johnson, who visited a vaccination centre in Enniskillen, Co Fermanagh, yesterday, has said “data not dates” will pave the way out of lockdown in England. So the latest falling numbers have heaped extra pressure on him to speed up the timetable. The R rate is now between 0.6 and 0.8 and as low as 0.5 in the South West. Tim Spector, professor of genetic epidemiology at King’s College London, said: “The UK has come a long way since the start of the year, and it’s great to see new case...
    February 15, 2021 8:34 AM | With information from DPA 15 minutes. The United States (USA) detected 84,000 cases of coronavirus in the last 24 hours, while in the last week it registered the lowest incidence rate since last October. However, the director of the Centers for Disease Control and Prevention (CDC) warned that “we must not lower our guard.” The country, which continues to be the nation in the world hardest hit by the pandemic and accumulates 27,638,751 infections, reported in the last day of about 84,000 new cases. This is a reduction with respect to the average of more than 97,000 infections a day that was registered in the previous 7 days. Also, in the last week – until Friday – the incidence rate in the US fell from more than 13% at the beginning of this year to less than 6%. This is indicated by the data collected by Johns Hopkins University. In addition, it registered the lowest rate since October. Nevertheless, the number of fatalities from the disease in the last 24 hours rose. Another 3,433...
    The United States detected some 84,000 cases of coronavirus in the last 24 hours, while in the last week it has registered the lowest incidence figure since last October, despite which the director of the Centers for Disease Control and Prevention (CDC, Rochelle Walensky warned that “We must not lower our guard”. The country, which continues to be the nation in the world hardest hit by the pandemic and accumulates 27,638,751 infections, reported in the last day of some 84,000 new cases, a decrease compared to the average of more than 97,000 daily infections that have been recorded in the previous seven days. Likewise, in the last week – until Friday – incidence fell from more than 13% at the beginning of this year to less than 6%, according to data collected by Johns Hopkins University, in addition to registering the lowest infection rate since October 2020. However, the number of deathly victims of the disease in the last 24 hours increased slightly, since they added to the total balance another 3,433 deaths, while the average of the last...
    The number of COVID-19 infections being reported in the United States continues to decrease, with the country seeing its lowest weekly case numbers since last October.  There were just over 650,00 new infections reported in the seven days to February 13, according to The COVID Tracking Project. That total represents a 22.3 percent decrease from the number reported last week.  Hospitalization rates have also deceased 15.7 percent from last week, while deaths are down 13.8 percent in the past seven days.  However, officials are cautioning that the country is not out of the clear yet. The numbers currently being reported are still far higher than they were during the spring and summer surges of 2020.   On Saturday, the United States reported 90,199 new COVID-19 cases and 2,303 additional deaths.   More than  27.5 million Americans have tested positive to the virus, and 483,926 have now died.  More than 137,000 of those deaths have occurred in the 44 days since January 1.   The number of COVID-19 infections being reported in the United States continues to decrease, with the country seeing its lowest...
    The Bureau of Labor Statistics reported Friday that the nonfarm employment rose by 638,000 in October, considerably more than experts had expected, but still a sign that economic growth is slowing. The headline unemployment rate fell to 6.9%. The number of unemployed fell by 1.15 million to 11.1 million. Both of those figures have fallen for the past six months, but they are still double what they were in February before pandemic-induced measures shuttered large parts of the economy. The private sector added 906,000 jobs, while government at all levels shed 268,000, including 147,000 temporary Census workers.  While a marked improvement, the number of jobs is still more than 10 million above what it was in before the pandemic. And with cases and deaths from COVID-19 steeply rising, the possibility of more economic lockdowns has been growing, and that would, of course, boost unemployment. An alternative measure that gauges both unemployment and underemployment fell last month from 12.8% to 12.1%, nearly double what it was in October 2019. The bureau also revised job gains in September from 661,000 to 672,000 and in August from 1.493...
    New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 875,000. The total reflected a decline of 55,000 from the downwardly revised 842,000 from the previous week. This is breaking news. Please check back here for updates.Related Tags Employment figures Jobless claims Breaking News: Markets Unemployment Markets
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