New unemployment claims almost flat in Oklahoma

Unemployment rate for Grande Prairie region falls over two per cent in August

Unemployment rate for Grande Prairie region falls over two per cent in August

"Looking at one month of job gains doesn't provide the appropriate context, you really need to look and see how far we still are in the hole", Elise Gould, a senior economist at the Economic Policy Institute think tank, told ABC News ahead of the report's release.

London's COVID-19-clobbered economy added almost 7,000 new jobs in August, helping bring the region's unemployment rate down by more than a percentage point - the second drop in the jobless rate in as many months.

But the Labor Department's monthly jobs report also contains tinder for Democratic presidential nominee Joe Biden to make his own case against Trump's economic stewardship, with fewer job gains and widening disparity among racial groups.

Employers added 1.4 million jobs in August, the Labor Department said on Friday.

The number of people who are on temporary layoffs has continued to decline.

Ford Motor said it was targeting 1,400 United States salaried jobs for elimination by the year end.

Deformed disc in the Orion constellation may birth even weirder planets
The system is dubbed GW Orionis and is situated approximately 1,300 light-years away in the Orion constellation. The odd misalignment in the protoplanetary disc in GW Orionis was first found in ALMA observations in 2017.

For those in their peak working years, ages 25 to 54, the gender split was even more pronounced, with the participation rate for women declining for a second straight month, while it edged up for men, pushing the gap between them to 13.2 percentage points, the widest in more than a year.

However, key provisions of the CARES Act, such as an extra $600 per-week in payments to the unemployed and a program of loans and grants to keep small businesses afloat, expired at the end of July.

In an analysis, Rubeela Farooqi of High Frequency Economics said there were signs in the claims data that the very tentative recovery was already waning.

The 7,823 initial unemployment claims filed last week in Alabama marked a 9.8 percent decrease from the 8,676 initial claims filed in the week ending August 22, according to Labor Department data.

On an unadjusted basis, unemployment insurance claims rose to more than 833,000, an increase of about 7,500.

"The recovery is rapidly decelerating and we still have half of the lost jobs to get back". But the rate of hiring has slowed each month this summer, a signal that the economic recovery from the coronavirus pandemic may be losing steam. Education, accommodation and food services drove the gains in services, while manufacturing led the gains in the goods-producing sector. "We continue to be optimistic that the economy has turned a corner and that we'll continue to see steady progress".

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.