Weekly Unemployment Benefits Down to 793,000

Unemployment in the last week of January fell by 793,000 applications compared to 812,000 the previous week In the week that ended on Jan...

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  • Unemployment in the last week of January fell by 793,000 applications compared to 812,000 the previous week
  • In the week that ended on January 30, there were 4.54 million people covered by this benefit
  • The new unemployment data comes when Republicans offer Biden a cheaper aid plan, with a check for a thousand dollars

Unemployment last week of January. The weekly number of applications for unemployment benefits in the United States fell to 793,000 last week, compared with 812,000 applications the previous week, reported today the OLabor Statistics Office.

The average number of requests in four weeks, a measure that compensates for weekly variations, fell to 823,000, compared to 856,500 the previous week, the report said.

unemployment February 2021

Twitter US Labor Department

In the week ending January 30, there were 4.54 million people covered by this benefit, compared to 4.69 million the previous week.

The weekly number of applications for unemployment benefits averaged 205,000 at the beginning of last year and, when the COVID-19 pandemic hit, they jumped to 6.8 million in the last week of March.

Requests for benefits gradually declined over the summer but a resurgence in COVID-19 cases brought them back to nearly a million weekly filings in early January.

Biden is willing to compromise on the pandemic stimulus plan

The president, Joe Biden, on Wednesday was willing to make concessions on the stimulus plan of 1.9 trillion dollars that he has proposed to Congress to revive the battered US economy and face the pandemic.

Biden remained firm in his idea of ​​giving Americans a one-time payment of $ 1,400 with the aim of injecting liquidity into the economy, although he opened the door to change the requirements on who will receive that assistance, which could decrease the number of beneficiaries .

Under the current Democratic proposal, every American who makes less than $ 75,000 a year would receive those checks, something that the Republican opposition considers wasteful because, in their view, people who do not need it would take advantage of the help.

Filed Under: Unemployment Last Week of January

BIDEN REFUSES TO BREAK A “PROMISE”

“We cannot back down on those $ 1,400 in direct checks that we had proposed because people need them,” Biden said with Democratic members of Congress during a phone call whose content was leaked to the media.

The president, however, considered that the aid could be “better targeted” to benefit those who need it most.

“But,” he insisted, “I am not going to start my Administration by breaking a promise I have made to the American people.”

Later, the spokeswoman for the White House, Jen Psaki, specified that Biden refuses to reduce the amount of 1,400 dollars, but is open to “have conversations” about who should receive that assistance.

Filed Under: Unemployment Last Week of January

THE REPUBLICAN COUNTER OFFER: 1,000 DOLLARS

Faced with this, a group of 10 moderate senators from the Republican Party, led by Susan Collins, proposed this week to Biden a stimulus plan of 618,000 million dollars, which represents almost a third of the 1.9 trillion dollars they demand Congressional Democrats.

That plan includes direct payments of $ 1,000, instead of 1,400, and considers that the beneficiaries should be those with an annual income of less than $ 50,000.

Biden has deemed that $ 618 billion proposal insufficient, but has made it clear that he wants to work with Republicans to ensure the stimulus package has the support of both parties, in an attempt to move past the polarization of recent years. .

Speaking to the press at the White House, Biden said Wednesday that he is convinced that the rescue package will be approved with “some” Republican votes.

Filed Under: Unemployment Last Week of January

The post Weekly Unemployment Benefits Down to 793,000 appeared first on Hispanic World.