U.S. Weekly Jobless Claims Rise to 870,000 file/Getty Images 1:12
The number of first-time filers for unemployment benefits has stopped falling again, stalling just below 900,000.
The Labor Department reported Thursday that initial jobless claims for the week ending Sept. 19 came in at 870,000. Economists polled by Econoday had forecast first-time claims at 880,000.
The previous week was revised up to 864,000 from 860,000.
Jobless claims have stopped declining, a troubling sign of weakness for the labor market.
Claims hit a record 6.87 million for the week of March 27. Until a month ago, each subsequent week had seen claims decline. But in late July, the labor market appeared to stall and claims hovered around one million throughout August, a level so high it was never recorded before the pandemic struck. Now it appears they have once again stalled.
Jobless claims are a proxy for layoffs and have been closely watched as a signal for how the pandemic is influencing the economy.
Biden:
My Immigration Policy Will Protect Foreign
Families… AND SEND THE TAX BILLS FOR
THEIR CRIMES AND WELFARE TO GRINGO
AMERICA!
JIM WATSON/AFP via Getty Images
17 Sep 2020 112
3:59
The U.S. government will change its deportation policy to help
keep foreign families together, Democratic candidate Joe Biden promised the Spanish-language
Telemundo TV network.
“There are still thousands of people who are being separated
from their families,” Biden told Telemundo
viewers September 15:
There are going to be no deportations in the first hundred days
of my [presidency]. Freeze deportations for the first hundred days and the only
people [who] will be deported are people who committed a felony while here [in
the United States].
Biden repeatedly emphasized that his presidency would focus on
the needs of foreign families, saying:
I can only imagine what it’s like to see someone in your family
deported. I can only imagine it. To me, it’s all about family — beginning,
middle, and end. It’s about family.
It’s not going to happen in my administration, simply not going
to happen. We’re gonna abide by the law, we’re going to abide by the law. We’re
not going to continue this, this relentless assault on ‘They’re coming up
across the border! They’re going to invade us! These are all people bad
people!’ I mean, it’s just terrible what’s happening. The idea you can’t even
seek asylum on American soil? Can’t even seek asylum in American soil? When did
that happen? Trump. It’s wrong,
But “a good immigration system would be good for American
families,” not just for migrants’ families, countered Kevin Lynn, founder
of U.S. Tech Workers .
When you have a husband and a wife, working to pay a
mortgage and to keep their kids in a good school district, in a good
immigration policy, it would get easier and easier to do that.
But in the current state, what’s happening is that one of the
spouse’s jobs is about to be outsourced and offshored to India. They’re going
to lose their home. Their kids will need to change school. And they will need
to seriously downsize, downscale their lives, going from the middle-class
to lower middle class, with ever-decreasing opportunities available to them.
Biden’s comments were apparently anchored to his view of the
United States primarily as a new home for foreign migrants, not as a home for
Americans and their children.
“We’re a nation of immigrants,” Biden said. “We built this
country because of the courage it took for people to get up on a boat … leave
everything they know for a better opportunity. ”
Biden is pushing the “Nation of Immigrants” claim because he and
other neoliberals “believe in the free movement of people and capital for the
sole purpose of maximizing profits,” responded Lynn, adding:
They know nothing else. His family has not witnessed the carnage
created by these policies, and they never will. They’ve been able to secure
enough wealth from this system — the system that threw working men and women
overboard 30 years ago. They have no idea what the average American goes
through. They have no idea of the insecurity that the average Americans face
when they look at the job market.
Biden’s 2020 plan includes several
proposals to expand the inflow of foreign workers and consumers into the United
States. He promises to let mayors import foreign workers for local jobs , let companies import more visa workers for college jobs, expand the inflow of chain-migration migrants , suspend immigration enforcement against illegals, dramatically
increase the inflow of poor refugees , and also provide more healthcare and other aid to arriving migrants.
The huge inflow of migrants will lower Americans’
wages, transfer more wages to investors, shift jobs from the interior states to
the coasts, reduce investment in wealth-generating technology, and exacerbate
the chaotic diversity that has damaged U.S. society and politics.
In contrast, President Donald Trump says he is pushing a “ Pro-American Immigration ” policy.
2019 was such a good year for wage earners
that per-household income rose by almost 7%, even as wages rose by just a
little over 2%.
That won't happen again if businesses
and progressives get to import even
more
workers. https://t.co/gHlh42iUcd
— Neil Munro (@NeilMunroDC) September 16, 2020
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