Increasing Global Economic Collapse: American unemployment claims are on the rise again for the first time in 4 months. Another 1.4 million Americans filed for first-time unemployment benefits last week.
By Anneken Tappe and Tami Luhby, CNN Updated 10:18 AM ET, Thu July 23, 2020
New York (CNN Business)America’s jobless crisis is far from over. Thursday’s Department of Labor report hammered that point home: Another 1.4 million Americans filed for first-time unemployment benefits last week, marking the first increase in initial claims in 16 weeks.
The weekly first-time claims peaked at 6.9 million in the last week of March and fell continuously until last week, when the trend reversed. Economists had predicted claims would remain steady this week at 1.3 million, the same amount as in last week’s report.
Nearly four months after the Covid-19 pandemic ravaged the health of Americans, their economy and their labor market, the upswing in economic data is tapering off.
A resurgence in infections and a rollback of reopening plans in several states is making it difficult for people to re-enter the labor force following the pandemic lockdown — and it could derail the vulnerable US economic recovery.
Stripping out seasonal adjustments, the number of initial claims is slightly lower than the adjusted figure, but it still rounds up to 1.4 million. During normal times, the seasonal adjustments help smooth the data, but during the pandemic it has been less helpful.
On top of regular claims for unemployment benefits, nearly 1 million people across 49 states applied for pandemic unemployment assistance, a program Congress rolled out as part of the government’s Covid response. It provides benefits to workers who aren’t typically eligible, such as freelancers and the self-employed. The program stands to expire at the end of the year.
Some news was less dire. Continued claims, which count people who have applied for benefits for at least two consecutive weeks, slipped to 16.2 million, down by more than 1 million from the week prior. The continued claims number trails the first-time applications by one week. So an uptick in the continued-claims number over the next few weeks could be a bad sign for the job market recovery.
Another major concern is the expiration of Washington’s $600 weekly boost to unemployment benefits. It’s technically set to end July 31 — but in reality this week is the last that the extra benefits will be paid out, because payments are provided for weeks ending on a Saturday or Sunday. July 31 falls on a Friday.
“The rising unemployment claims are a deeply concerning sign as the $600 weekly unemployment benefits soon expire for tens of millions of unemployed Americans,” said Glassdoor Senior Economist Daniel Zhao in emailed comments.
An estimated 25 million Americans are receiving the extra payments on top of their state unemployment benefits, and it’s pumping an additional $15 billion into the economy, according to The Century Foundation, a progressive nonprofit think tank.
Jobless Americans say the bigger checks are helping them to pay their rent, buy medication and put food on the table for themselves and their families. State benefits on their own typically replace only 40% of wages. Plus, they argue, there are few jobs to be had as the nation contends with another surge in coronavirus cases.
Lawmakers are looking at a range of options. Democrats would like to continue the $600 weekly boost into 2021 and included such a provision in the House relief bill passed in May.
But businesses are worried that they are having trouble bringing workers back because the Congressional boost pays many recipients more than they made while employed.
Looking ahead, Senate Republicans and White House negotiators reached a deal for parts of the next stimulus package on Wednesday. The White House also raised the possibility of a short-term extension of the unemployment benefits to buy time to find a broader agreement, but the leadership of Senate Republicans rejected the idea.
Phil Mattingly, Lauren Fox and Ted Barrett contributed to this report.
Acts 2:17-21 And it shall come to pass in the last days, saith God, I will pour out of my Spirit upon all flesh: and your sons and your daughters shall prophesy, and your young men shall see visions, and your old men shall dream dreams: And on my servants and on my handmaidens I will pour out in those days of my Spirit; and they shall prophesy: And I will shew wonders in heaven above, and signs in the earth beneath; blood, and fire, and vapour of smoke:
Joel 2:28 And it shall come to pass afterward, that I will pour out my spirit upon all flesh; and your sons and your daughters shall prophesy, your old men shall dream dreams, your young men shall see visions:
The ‘Fuse’ has been lit; A Man That Saw The Catastrophic Events Of 2020 In Advance Is Now Warning About What Will Happen In November… Prophecy, Dreams and Visions.
Then, it late June, Pastor Coverstone had another dream that pertains to the second half of this year. The following is another excerpt from the transcript of his original video that my wife made…
With that in mind, on Monday night I had another dream.
It woke me from my bed. I made notes about it. I shot some video of myself just making sure to remember.
Here’s what I saw.
I saw a calendar. Start with the calendar. As I was having this, the calendar was up, a white figure appeared. To me, it was a representing God the Holy Spirit, something pure, something righteous, something true, something Holy because there was nothing sinister about it. Nothing evil, but I heard the voice say, “part two, part two”.
I saw June, go, I saw July. I saw August, and then I saw September, and I saw the finger underneath the word September and I like like emphasizing it and tap the three times.
Then I saw October come up, and then I saw November and this is when it got real to me in the dream. I think the intensity for me… when I woke up my heart rate was about 180.
So that was Monday night, and I woke up not feeling very well at all I was up during the night not feeling well.
But anyway,… The minute the finger underlined November three times instead of tapping it, I saw a fist ball up and it hit the calendar.
And literally, the calendar exploded into the wall, the numbers seem that they were 3d and they were falling everywhere.
There was a cloud of chaos that started in there. The next thing I saw was I saw I saw armed protesters. I saw fighting in the streets, I saw people pummeling one another. I saw businesses shuttered and shut up.
I saw schools close. I saw school rooms with cobwebs hanging in them and like things like papers falling off the wall and posters… like no one had been in them for months.
I saw banks. Bank buildings with the roof being taken off. It looked almost that alien abduction because money was flying through the roof into some type of like a vacuum cleaner. It sounds kind of strange, but I was watching wealth, just being taken. I saw politicians in back rooms, making deals with people. Patting people on the back and laughing and smiling and smirking.
Considering the fact that “part one” ended up being completely accurate, what Pastor Coverstone was shown in “part two” should be extremely sobering for all of us.
It appears that things will start to really escalate starting in September, and it appears that November will be some sort of major turning point.
Sadly, Pastor Coverstone is being relentlessly attacked on social media for sharing what he was shown, and that is extremely unfortunate.
We live at a time when there is so much hatred in this country, and it is only going to get worse.
This chapter in American history is going to be a very painful one, and most of the U.S. population still has absolutely no idea what is coming.
In His Service,
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.