47.1 F
Fort Worth
Wednesday, October 28, 2020
Banking Jobless benefits fall

Jobless benefits fall

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Earlier this month, the number of Americans

seeking unemployment benefits fell to its lowest

level in nearly 50 years — evidence of a strong job

market and an unusually low level of layoffs.

Weekly applications for jobless aid dropped 8,000

to a seasonally adjusted

196,000 in the first week of

April. That was the lowest

level since 1969.

Yet the decline isn’t due

solely to a tight employment

picture. Many states

have imposed stricter rules

on their unemployment

insurance programs —

from making it harder to

qualify to reducing the

duration of benefits to

cutting payouts.

Nine states have cut the number of weeks that

recipients can receive unemployment benefits.

Research by Moody’s Analytics late last year found

that such cuts discourage many people from

applying. Nationally, just 30% of people out of work

now receive unemployment

insurance, down from about

40% before the Great

Recession.

Still, super-low

unemployment claims are a

positive sign for growth. The

figures suggest that some

economic concerns —

global weakness, a

U.S.-China trade war and

slower-growing consumer

spending — haven’t caused

employers to cut jobs

Latest News

AP Explains: The rule that made the modern internet

By BARBARA ORTUTAY AP Technology Writer OAKLAND, Calif. (AP) — Twenty-six words tucked into a 1996 law overhauling telecommunications...

Veritex Holdings: 3Q Earnings Snapshot

DALLAS (AP) _ Veritex Holdings Inc. (VBTX) on Tuesday reported third-quarter earnings of $22.9 million.The Dallas-based bank said it had earnings of...

UMB: 3Q Earnings Snapshot

KANSAS CITY, Mo. (AP) _ UMB Financial Corp. (UMBF) on Tuesday reported third-quarter net income of $73.1 million.The bank, based in Kansas...

A week before the election, Texas National Guard prepares to deploy troops to cities

By Shawn Mulcahy, The Texas Tribune Oct. 27, 2020 "A week before the election,...

Texas Capital Bank names new CEO, president

Texas Capital Bancshares Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, N.A., on Oct. 27 announced that Rob C. Holmes...