1.46 million new UI claims to state programs for week ending 6/20
This matched the prior week. The slow, steady declines over last couple months seem to have stopped.
That makes 43.3 million new claims to state programs over the last 14 weeks.
Continuing claims under all programs rose to 30.55m from 29.26m to the week ending 6/6, while state claims fell slightly.
Continuing claims in state programs fell by 0.8m to 19.5m in week ending 6/13.
The mid-March massive tsunami of layoffs eased to a very fast flood.
Most employers trying to hang onto their teams, but U.S. failure to control the virus undermines their business models.
Each week, more employers break. Could easily accelerate again.
Feds: make the public health threat priority #1 (#TestTraceIsolate & #MaskUp). Extend & expand economic relief to families, small biz, and state & local govts. Borrow!
States: public health & push employers to use Workshare programs that support reducing hours, not headcount.
UI default rules either give or undermine workers bargaining power to push employers to adapt workplaces towards safety. We all need workers to have more bargaining power now & the collapse in demand is undercutting that.
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