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        <title><![CDATA[US workers file 1.4 million more jobless claims as crisis total tops 52 million]]></title>
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        <link>https://usagag.com/2020/07/23/us-workers-file-1-4-million-more-jobless-claims-as-crisis-total-tops-52-million/</link>
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            <media:title type="html">US workers file 1.4 million more jobless claims as crisis total tops 52 million</media:title>
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        <content:encoded><![CDATA[<p>About 1.4 million Americans applied for unemployment benefits once again last week, new data show — a troubling sign that the nation&#8217;s recovery from the coronavirus crisis is unraveling.</p><p>Workers now have filed more than 52 million initial jobless claims since layoffs spiked in mid-March, suggesting about a third of the American labor force has been sidelined at some point during the pandemic.</p><p>Seasonally adjusted new filings increased last week for the first time since late March as the worst labor crisis since the Great Depression enters a precarious new phase, according to Thursday&#8217;s figures from the US Department of Labor.</p><p>A surge in coronavirus infections has forced several states to roll back reopening plans that fueled record job gains in May and June. And a $600 boost to weekly unemployment benefits under the CARES Act is set to run out after this week, delivering a big financial hit to the millions of people still out of work.</p><p>Lawmakers in Congress are still hashing out whether to extend those extra payments or potentially give jobless Americans a smaller amount of money. Republicans <strong>reportedly favor</strong> slashing them to $200 a week, an amount that would be tweaked based on state jobless benefits rates.</p><p>But even cutting payments to $400 a week &#8220;would have perceptible impact on the economy,&#8221; according to Bloomberg economists Eliza Winger and Andrew Husby. It would drive down total payments by about $22 billion a month, which is equivalent to the average monthly wage income for 5.1 million workers, they said.</p>]]></content:encoded>
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