Which states are ending unemployment benefits?
Arkansas, Florida, Georgia, Montana, Ohio, Oklahoma, South Carolina, South Dakota, Texas and Utah will all be ending the $300 federal supplemental benefits in their states, joining 12 other states that previously opted out of the benefits in the past two weeks, as the U.S. emerges from the coronavirus pandemic. CBS News10 states to end enhanced unemployment benefits June 26
Vuzix: "I have to do work on that billion-dollar company. I've got to learn more."
Kinder Morgan: "I think KMI's good. They're not going to be able to build a lot of pipelines because the president doesn't want them, therefore that makes me feel there's scarcity value and I think you should be buying KMI."
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24 June, 2021 - 09:12pm
Jobless rates declined slightly in Manitowoc and Manitowoc County in May.
Non-seasonally adjusted numbers released by the Wisconsin Department of Workforce Development show the city with an unemployment rate of 4% down slightly from 4.2 percent in April and well below the pandemic induced number of 13.1 percent in May of 2020.
Meanwhile, the County’s jobless number fell three-tenths-of-a percent from 3.8 percent in April to 3.5 percent in May, 7.2 percent lower than May’s 2020 figure of 10.7 percent.
Wisconsin’s seasonally adjusted unemployment rate in May was 3.9 percent, same as in April and down from 10.4 percent in May of last year and 1.9 percent lower than the May National number 5.8 percent.
24 June, 2021 - 07:27am
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Americans for Tax Reform President Grover Norquist provides insight into President Biden’s plans for the minimum wage.
The number of Americans filing for first-time jobless benefits fell less than expected last week and remains elevated as the economy continues to battle through the effects of the COVID-19 pandemic.
Data released Thursday by the Labor Department showed 411,000 Americans filed for first-time unemployment benefits in the week ended June 19, above the 380,000 that analysts surveyed by Refintiv had expected. The prior week’s reading was revised higher by 6,000 to 418,000.
Continuing claims for the week ended June 12, meanwhile, fell by more than 140,000 to 3.39 million. Analysts surveyed by Refintiv were anticipating a decline to 3.47 million.
The bigger-than-expected decline in continuing claims comes as at least 26 states have already ended or announced plans to end the additional $300 per week in supplemental benefits in an attempt to lure laborers back to work. The U.S. economy has 7.6 million fewer workers than before the pandemic.
In other economic data, the U.S. economy in the first quarter grew at an unrevised 6.4% annual rate, according to a third estimate released by the Bureau of Economic Analysis. The reading was in line with what analysts surveyed by Refinitiv were expecting.