loader image
- Advertisement -

Friday, October 30, 2020
64.8 F
- Advertisement -

1.2 Million Americans Filed for Unemployment Last Week


Sen. Cruz to Big Tech CEOs: Who Elected You to Decide What the Media Can Report and What the American People Can Hear?

U.S. Sen. Ted Cruz (R-Texas), member of the Senate Commerce Committee, today questioned Google CEO Sundar Pichai, Facebook CEO Mark Zuckerberg, and Twitter CEO Jack Dorsey, who had been called on to testify regarding Big Tech’s recent political censorship and attempts to interfere in the 2020 election, along with possible reforms to Section 230 of the Communications Decency Act.

Harlingen EDC Awards $30,000 to HELP for Small Business Final Round of Applicants

On Tuesday, Oct. 13, the HELP for Small Business committee met one final time as they reviewed the remaining loan applications submitted.

McAllen Holiday Parade, presented by H-E-B Newly Reimagined for 2020

Today, the City of McAllen unveiled details of this year’s newly reimagined McAllen Holiday Parade, presented by H-E-B and powered by Bert Ogden & Fiesta Dealerships.

UPDATE: US/Mexico border wall nears 400 miles

As President Trump is in Arizona on October 19, 2020, as of this day, more than 370 miles of new border wall is complete

Executive Order increases occupancy levels for all business other than bars to 75%

Governor Greg Abbott today issued an Executive Order to open bars and similar establishments at up to 50% capacity in conjunction with county officials.
- Advertisement -
- Advertisement -

Texas Border Business

Today brings the Department of Labor’s weekly unemployment claims report.

The good news: Claims declined, falling from 1.4 million to less than 1.2 million—the lowest weekly claims number since the crisis began. The past two weeks of data had brought the first increases in claims since March.

The bad news: Claims are still above 1 million and are still historically elevated. We are now more than 20 weeks into the employment crisis caused by COVID-19 and had hoped to see claims fall much more at this point.

Despite the persistent job losses, there is hiring occurring, too. Continuing claims, which subtract off those people that have gone back to work, fell to 16.1 million last week (down 844,000 from the week before). Continuing claims are down more than 6 million since their peak in late May.

The four-week average of claims has been declining for 10 straight weeks and fell more than 413,000 last week. This shows slow but steady improvement in the labor market.

Unemployment claims ticked up as the virus resurged in July. They will slow once the virus subsides.

- Advertisement -

What’s next: Tomorrow brings the July jobs report. June’s report was record-breaking. Given what we have seen from weekly unemployment claims, July’s report is unlikely to repeat that performance.

 –Curtis Dubay, Senior Economist, U.S. Chamber of Commerce

- Advertisement -
- Advertisement -
- Advertisement -

Latest News

Governor Abbott, TEA Issue Report Showing Teacher Pay Raises For 2019-2020 School Year

Governor Greg Abbott and the Texas Education Agency (TEA) today released a report showing significant pay raises for Texas teachers for the 2019-2020 academic year as a result of House Bill 3 (HB 3).

CARENOW® Urgent Care offering Drive-Thru flu shots for $20

CareNow® Urgent Care is pleased to announce the offering of drive-thru flu shots for $20 Friday, Oct. 30 from 4 p.m. – 8 p.m. Details are listed below.

TONIGHT: McAllen Public Library Virtual South Texas Book Festival Session#1 for Adults

McAllen Public Library is kicking off its seventh annual book festival with an exciting addition! For the first time ever, the South Texas Book Festival will go virtual and include literary sessions for adults.

Seven more deaths related to COVID-19 reported in Hidalgo County along with 177 new positive cases

Officials with the Hidalgo County Health and Human Services Department reported seven more deaths related to COVID-19 on Wednesday and 177 new known positive cases, Hidalgo County Judge Richard F. Cortez said Thursday.

Harlingen EDC Reauthorizes $100,000 goal line Assistance Program with TSTC

On Tuesday, Oct. 27, the Harlingen EDC Board of Directors approved an additional $100,000 for TSTC Foundation’s Goal Line Assistance Program.

More Articles Like This

- Advertisement -