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US weekly jobless

US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc
World

US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc

  • Imprecise seasonal factors around Memorial Day holiday weekend likely contributed to the uptick in initial claims, so the rise should prove temporary.
  • Four states, including Iowa and Alaska, either terminated all federal government-funded benefits or just the $300 supplement on June 12.
Published 24 Jun, 2021 05:44pm
US retail sales surge; weekly jobless claims fall
World

US retail sales surge; weekly jobless claims fall

  • Many qualified households have received additional $1,400 checks, which were part of the White House's $1.9 trillion rescue package approved in early March. The massive fiscal stimulus also extended a government-funded $300 weekly unemployment supplement through Sept. 6.
  • At the same time, temperatures have warmed up and the public health situation has been rapidly improving, allowing more restaurants to offer dining services.
Published 15 Apr, 2021 07:26pm