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WASHINGTON — The number of Americans filing for first-time unemployment aid fell to 860,000 last week, according to the Department of Labor. That is down about 33,000 from the week before.The Labor Department also said Thursday that 12.6 million are collecting traditional unemployment benefits, compared with 1.7 million a year ago.However, it does not include claims filed under other federal aid programs, including a program that provides benefits to those usually ineligible like the self-employed or gig workers.Before the pandemic hit the economy, the number signing up for jobless aid had never exceeded 700,000 in a week, even in the depths of the 2007-2009 Great Recession.The economy and job market have recovered somewhat from the initial shock of the coronavirus pandemic and safety measures. Employers added 10.6 million jobs from May through August, but that’s still less than half the jobs lost in March and April. 938
WASHINGTON — The Republican-led Senate has voted to advance Supreme Court nominee Amy Coney Barrett toward final confirmation despite Democratic objections. Barrett’s confirmation on Monday is hardly in doubt, with the majority Republicans mostly united in support behind President Donald Trump’s pick. But Democrats are poised to keep the Senate in session into the night in attempts to stall, arguing that the Nov. 3 election winner should choose the nominee to fill the vacancy left by the late Justice Ruth Bader Ginsburg. Republicans are excited by the chance to install a third Trump justice on the court, locking in a conservative majority for years to come. 673
VIRGINIA BEACH, Va.— The new virtual school year comes with challenges for many students, but one nonprofit is teaming up with a Virginia Beach business to help give kids the space they need to succeed.“When children have a place to sit down and learn, they’re going to do much better,” said George Melnyk Jr., President of Premier Millwork and Lumber Company.Melnyk’s wife, Kim, is a Virginia Beach School Board member. They decided to take on a project to make desks for CHIP, a child readiness non-profit advocacy program.“They’re going primarily to low-income homes, kids that just need a desk,” said Trish O’Brien, President of CHIP of South Hampton Roads.Machines and manpower are churning out the pieces that will become desks for hundreds of CHIP families.There’s no hardware, no tools, just four pieces that easily interlock in under a minute to create a temporary space that a child can call their own at no cost to mom and dad.“At the end of the day, they can disassemble them, slide them under the couch, stick them in the closet, put them away for the weekend, and then the next day, put them back together and be ready to work,” said Melnyk.Each desk cost .50 to build thanks to employees who are donating their time to keep labor costs at zero.Last Saturday, the crew built 110 desks. They plan to finish up with another 110 desks over the weekend so that CHIP can give them away to families.Melnyk raised funds to build the first 220 desks, but CHIP hopes more people will consider helping the program grow.Anyone interested in donating to help build more desks can call 757-5439-100 or go online to Chipshr.org.This story was originally published by Kofo Lasaki at WTKR. 1698
WASHINGTON — U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy. Mortgage buyer Freddie Mac reported that the average rate on the 30-year benchmark loan declined to 2.72% from 2.84% last week. The average rate on the 15-year fixed-rate mortgage fell to 2.28% from 2.34%. The low rates in 2020 have spurred demand in the housing market. The National Associated of Realtors says housing offers for single-family homes have increased for six consecutive months. They are now at their highest level since 2007, according to the Census Bureau. Existing home sales in October 2020 were 26.6 percent higher than the number of sales in October 2019. The median sale price, nationwide, has also increased; it is now 3,000, roughly 16 percent more in 2020 than this time last year.The NAR has warned that the dwindling number of available housing units is down to only a few months supply. Fresh signs emerged this week that the resurgent coronavirus outbreak is likely slowing the economy and forcing more companies to cut jobs. The government reported that retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. 1294
Video from a surveillance camera at Sonic Drive-In of Galliano, Louisiana shows the moment a tornado hit the restaurant and caused extensive damage.The tornado, which touched down mid-morning Sunday, also caused damage to at least 12 homes near South Lafourche High School, according to the Lafourche Parish Sheriff's Office.The sheriff's office says no one was injured. There are power outages in some areas because of downed power lines. 447