Jobless claims fall below 1 million for the first time since March
Fewer than expected people filed for unemployment last week, though numbers remain far higher than before the pandemic.
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Fewer than expected people filed for unemployment last week, though numbers remain far higher than before the pandemic.
Additional benefits could be exhausted within six weeks, while some workers could receive less than $400 per week.
As their tax revenue plunges, many states question if they could afford to contribute extra jobless aid.
Many state governments are already facing budget crunches caused by the coronavirus pandemic.
Unemployment benefits at $400 a week were included, lower than the previous rate of $600 a week.
After coronavirus relief bill negotiations collapsed, President Trump signed four executive orders aimed at providing financial aid to Americans. Democrats have decried the actions as unconstitutional, and they will most likely be challenged in court. CBS News' Paula Reid joins CBSN's Lana Zak with the latest.
The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic.
President Trump signed several executive orders on economic relief amid the coronavirus pandemic, including an extra $400 a week in unemployment benefits. Under the CARES Act, the added benefits came out to an extra $600 per week. Watch his remarks.
The Equal Pay Act passed in 1963, making gender-based wage discrimination illegal. However, more than 50 years later women are still paid less than their male counterparts. The pandemic could be making the situation worse, with women suffering more job losses than men. For Black and Latina women, the gap is even bigger. Michelle Miller explains.
President Trump called a sudden press conference Friday evening where he signaled he will take executive action on unemployment, student loans and evictions after lawmakers were not able to reach a deal. However, the president was vague about when he would do this or if he really had the power to decide issues that are usually left to Congress, as tens of millions of Americans remain in limbo. Paula Reid reports.
A July jobs report that saw 1.8 million new jobs created and a lowering of the national unemployment rate comes amid negotiations in Washington over a second stimulus package. However, the pace of hiring appears to be slowing as more states slow down or roll back their reopenings. CBS News senior business analyst Jill Schlesinger joins "CBS This Morning: Saturday" for what this all means, and what the numbers say about the future of the U.S. economy.
Unemployment stimulus talks ground to a halt on Friday as the unemployment rate dropped to 10.2%. It is unclear what the White House can do to restore federal unemployment benefits that lapsed for millions of Americans last week. Nancy Cordes reports.
President Trump is considering taking executive action as lawmakers remain deadlocked in stimulus negotiations. CBS News White House correspondent Weijia Jiang joins CBSN to talk about the latest.
Millions thrown out of work because of pandemic are straining to afford the basics now that an extra $600 a week in federal help has expired.
So far, less than half of all the country's jobs lost during March and April shutdowns have returned.
Nearly 1.2 million workers applied for unemployment benefits last week, marking the 20th straight week with claims crossing one million. Mark Strassmann reports.
The number of people applying for initial unemployment benefits fell below 2 million for the first time since March.
1.18 million Americans filed new claims for unemployment last week as the government continues to struggle with a second coronavirus stimulus package. Norm Champ, former director of the Division of Investment Management at the SEC, joins CBSN with insight into these numbers and why they might signify a slow reopening of the economy.
Fifty-four million Americans could face hunger due to the coronavirus pandemic. In the "CBS This Morning" series A More Perfect Union, Vladimir Duthiers reports on a nationwide movement stocking sidewalk fridges across the country with free food. It's a grassroots movement looking to feed those in need, one healthy bag of food at a time.
The Trump administration's director of the Office of Trade and Manufacturing Policy, Peter Navarro, joins "CBS This Morning" ahead of a trip to Ohio with President Trump. He discusses the president's planned executive order, which he calls "pure Trump," aimed at sweeping away regulatory barriers on "traditional manufacturing, pharmaceuticals on our shores."
In this installment of Eye on Money, "CBS This Morning" takes a look at how the economic crisis brought on by the coronavirus pandemic is not just costing jobs, but leaving millions of Americans without health coverage. More than 50 million people have applied for unemployment since the pandemic began, and nearly half of U.S. workers get their health insurance through work. One study found that an estimated 5.4 million American workers lost their health insurance in just three months. Michelle Miller reports, and CBS News business analyst Jill Schlesinger joins the show to discuss coverage alternatives and what Americans who lost their coverage can do.
White House advisers and top Democrats are set to meet again today to continue negotiations over the next round of coronavirus relief legislation. Disagreements over extending federal unemployment benefits remain a sticking point. CBS News political reporter Grace Segers joins CBSN with the latest.
Congressional Democrats argue that the White House does not understand the severity of the situation facing Americans.
President and CEO of the Federal Reserve Bank of Minneapolis projects if the U.S economy can grow, the country will be able to pay off its trillions of deficit spending
The House Majority Whip says he would support any measure that extended beyond a one-week extension of benefits.