• UK unemployment jumped to its highest rate in over three years, rising to 4.5% in the three months to August.
  • Nearly 3 million people claimed jobless benefits in September, according to data released by the Office for National Statistics.
  • The jobs data was worse than the 4.3% rise economists had expected.
  • The situation could deteriorate after the British government announced a new system of local lockdowns, introducing a three-tiered system of rules as infections surge across the country and a furlough program is set to expire later this month.
  • Visit Business Insider’s homepage for more stories.

UK unemployment rose to a three-year high of 4.5% in the three months to August, from 4.1% in July, according to data released by the Office of National Statistics on Tuesday. 

The number of people claiming jobless benefits rose to 2.7 million in September – an increase of

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When it comes to weekly unemployment filings, our whole understanding of “normal” flew out the window six months ago. For example, as regular readers know, it was considered a catastrophe during the Great Recession when jobless claims topped 600,000.

But in 2020, as the coronavirus pandemic started taking a brutal toll on the U.S. economy, Americans confronted an entirely new set of standards — to the point that it seemed like relatively good news last month when initial jobless claims fell below 1 million for the first time since March.

Progress has nevertheless been hit or miss. The new report from the Labor Department this morning was a bit more upbeat than the data from two weeks ago.

In the week ending October 3, the advance figure for seasonally adjusted initial claims was 840,000, a decrease of 9,000 from the previous week’s revised level. The previous week’s level was revised

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U.S. unemployment claims remained elevated above pre-pandemic highs last week, as layoffs persist and the labor-market recovery flashes signs of slowdown.

Unemployment claims fell slightly to 840,000 last week, Thursday’s Labor Department report said. Weekly jobless claims are down sharply from a peak of near 7 million in March but have clocked in between 800,000 and 900,000 for more than a month. Claims remain above the pre-pandemic peak of 695,000 and are higher than in any previous recession for records tracing back to 1967.

The number of people collecting unemployment benefits through regular state programs, which cover most workers, fell to 11 million in the week ended Sept. 26 from 12 million the prior week, according to the Labor Department. So-called continuing claims declined throughout the summer, indicating many unemployed people are returning to work as the recovery continues.

But some of the recent declines in continuing claims represent individuals

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States accidentally overpaid thousands of workers over the spring and summer during a rush to get relief to unemployed and idled Americans. Now they want the money back.

Funds have long since been spent and many of those workers continue to struggle with the coronavirus pandemic’s economic fallout. Partly due to federal rules governing some unemployment aid, multiple states are trying to recoup money or cutting current benefits to make up the difference.

Individuals themselves often have no idea they are being overpaid, in part because formulas for unemployment checks can be hard to decipher. Many also waited weeks to start receiving benefits, and say they believed that large checks were simply the back payments they were owed because of delays.

Autumn Stull owns a maternity and children’s consignment store in Golden, Colo. It temporarily closed in March when the state went into lockdown, so she applied for benefits through

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FRANKFURT, Germany (AP) — Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that extensive government support programs won’t be able keep many businesses hit by coronavirus restrictions afloat forever.

The jobless rate increased to 8.1% in the 19 countries that use the euro currency, from 8.0% in July, official statistics showed Thursday. The number of people out of work rose by 251,000 during the month to 13.2 million.

While Europe’s unemployment rate is still modest compared with the spike seen in many other countries, economists predict it could hit double digits in coming months as wage support programs expire. A resurgence in infections in many countries has meanwhile led to new restrictions on businesses and public life that may have to be broadened and could lead to more layoffs.

European governments have approved trillions of euros (dollars) to help

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WASHINGTON (AP) — The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment rate fell to 7.9% — a mixed result for President Donald Trump, who has staked his reelection in part on the economy.

The Labor Department said Friday that employers added just 661,000 jobs last month amid the coronavirus outbreak, down from 1.5 million in August and 1.8 million in July.

Unemployment fell from 8.4% in August, but that mainly reflected a decline in the number of people seeking work, rather than a surge in hiring. The government doesn’t count people as unemployed if they aren’t actively looking for a job.

“There seems to be a worrisome loss of momentum,” said Drew Matus, an economist at MetLife Investment Management. “There’s a lot of caution on the part of employers.”

With September’s hiring gain, the economy has now

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  • The White House is proposing a $400-a-week federal unemployment benefit as part of its stimulus package.
  • It would be retroactive to September 12, Roll Call first reported.
  • There appears to be early agreement among lawmakers and the White House that any federal benefit should pick up where a program from the administration left off.
  • “I think a lot of it is probably cost, and some of it is trying not to interact with a really weird program we don’t fully understand,” Michele Evermore, an expert on unemployment, told Business Insider.
  • Learn more about the race for a coronavirus vaccine in our live event on October 5. Sign up here.

The White House is proposing to restore federal unemployment benefits at $400 a week as part of its $1.6 trillion stimulus plan offered to Democrats on Wednesday, Bloomberg reported.

The plan would be retroactive to September 12 and expire on January

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  • Democrats passed a $2.2 trillion stimulus plan that contained another round of direct payments, federal unemployment benefits, and small business aid.
  • But Republicans are likely to reject the package in the Senate.
  • The Trump administration put forward a $1.6 trillion plan in negotiations with Democrats, but they rebuffed it as insufficient.
  • Bipartisan talks between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are set to continue.
  • Visit Business Insider’s homepage for more stories.

House Democrats passed a $2.2 trillion stimulus plan to send aid to individuals, businesses, and states on Wednesday, advancing a bill that has no shot at becoming law due to staunch Republican opposition.

The legislation passed by a party-line vote of 214-207. The margin was slim with 18 centrist Democrats voting against it since they objected to the lack of GOP votes. It’s been five months since the House approved a $3.4 trillion virus aid plan

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Roughly 1.6 million Californians could soon begin to see months of unpaid unemployment benefits finally reach their bank accounts.

Their arrival will be thanks to the state’s Employment Development Department’s task force initiative to comb through some 600,000 jobless claims that have been stuck in processing for 21 days or more. The EDD will also work to clear payments to another 1 million workers who received at least one benefit payment during the pandemic-induced recession, but due to various certification issues stopped receiving benefits without warning and have been waiting for months for the EDD to resolve eligibility and restore payments.

California’s task force report says outdated technology and staffing shortages are the biggest concerns slowing down benefits processing. Nearly 4.6 million Californians filed jobless claims between March and May — 2.4 million more workers compared to the peak unemployment level from the fallout of the Great Recession. 

An unprecedented

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(RTTNews) – Reflecting a decrease in unemployment insurance benefits, the Commerce Department released a report on Thursday showing a steep drop in U.S. personal income in the month of August.

The report said personal income tumbled by 2.7 percent in August after rising by an upwardly revised 0.5 percent in July.

Economists had expected personal income to slump by 2.5 percent compared to the 0.4 percent increase originally reported for the previous month.

Disposable personal income, or personal income less personal current taxes, also plunged by 3.2 percent in August after inching up by 0.3 percent in July.

The Commerce Department said the sharp pullback in personal income partly reflected the expiration of the Federal Pandemic Unemployment Compensation program, which provided a temporary weekly supplemental payment of $600 for those receiving unemployment benefits.

The decrease in unemployment insurance benefits was partly offset by an increase in compensation, with temporary and

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