Home Budget, Economy The Trump GOP’s Economy: New Unemployment Claims Hit 1.4 Million; 18th-Straight Week...

The Trump GOP’s Economy: New Unemployment Claims Hit 1.4 Million; 18th-Straight Week of >1 Million New Unemployment Claims

Virginia saw 40,188 new claims during the week ended 7/18, up from 32,292 the previous week.

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New unemployment numbers are out this morning from the U.S. Department of Labor, and they’re not great, either for the country as a whole or for Virginia. In short, we’re talking about:

  • Initial unemployment compensation claims nationwide were at 1,416,000 during the week ended 7/18, “an increase of 109,000 from the previous week’s revised level.”
  • Initial unemployment compensation claims in Virginia were at 40,188 during the week ended 7/18, up from 32,292 the previous week.

As Washington Post economics correspondent Heather Long puts it, “This is a big warning sign layoffs are growing again. Over 1 million unemployment applications have been filed for 18 straight weeks.” And keep in mind that, thanks to Trump and Senate Republicans, “Congress” (in air quotes because it is *not* Congress as a whole, only the Republicans) has failed to extend crucial, extra aid for those unemployed due to COVID-19. So yes, it’s very fair to say that the pain and suffering that’s going to ensue will be the responsibility of Trump, McConnell, etc…despite the corporate media working overtime to “both sides” this situation.