Unemployment dips as 246000 jobs added in August: StatCan

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Clark County saw a drop in the number of people filing unemployment claims last week, continuing a trend of gradual economic recovery.

The London region has added 18,100 jobs in the last two months, a number that also includes people who are returning to their jobs after being laid-off during the peak of the pandemic. But In Thursday's report, the department tweaked the way it adjusts its calculations to account for seasonal changes, thereby making it hard to compare last week's figure with previous weeks'. It said in the presence of a large shift in the claims series, the multiplicative seasonal adjustment factors, which it had been using, could result in systematic over- or under-adjustment of the data. Economists have widely put down most of the job gains to workers coming back from furloughs or temporary layoffs due to pandemic-driven business shutdowns.

The report listed the new claims for the week ending August 29, a decrease of 130,000 from the previous week.

Although Alberta's unemployment rate dropped a full percentage point from 12.8 per cent to 11.8 per cent over the previous month, Statistics Canada attributes this to fewer people looking for work.

Erick Morillo found dead in Miami Beach
Erick Morillo performs on stage during Wavefront Music Festival at Montrose Beach on June 30, 2012 in Chicago, Illinois. His death was confirmed to Miami Beach outlet Local 10 News by Miami Beach Police Department's Ernesto Rodriguez.

Jobless rates among Black and Hispanic people are usually higher than those for white people, and it often takes people of color more time to find a new job following a recession.

It's hard to make sense of this.

"There are almost 30 million Americans now or soon-to-be receiving unemployment insurance benefits, roughly 1 out of every 5 people in the workforce", he said.

Initially, that $300 per week payment was only to be paid out to those unemployed for the three weeks between July 26 and August 15, but a DWS official said Friday the state of Utah had been approved to pay it for two additional weeks, extending eligibility for those out of work through August 29. Since then, President Donald Trump signed an executive order to boost unemployment benefits by a weekly $300, doing so by diverting disaster relief money from the Federal Emergency Management Agency.

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