WASHINGTON (Reuters) - The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labour market recovery.
Still, the economy got off to a solid start in the fourth quarter, with consumer spending and business investment in equipment topping analysts’ expectations in October.
Businesses also reported a sharp rebound in profits in the third quarter. That was, however, insufficient to lift the heavy cloud over the economy.
Personal income dropped last month and could decline further with about 13.6 million Americans due to lose government-funded unemployment benefits a day after Christmas.
The benefits, part of a more than $3 trillion government coronavirus relief package which has largely expired, contributed to record economic growth in the third quarter.
Another package is expected only after President-elect Joe Biden is sworn in on Jan 20. President Donald Trump is heavily focused on contesting his electoral loss to Biden.
Read more from the original article:
편집됨
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.