The U.S. Department of Labor reported 803,000 initial unemployment claims last week, a drop of 89,000 from the week prior.
Why it matters: The number of Americans on unemployment benefits remains high, though the figures released Wednesday were lower than the 888,000 that economists had expected.
A perfect storm of quarantines, layoffs, retirements and resignations has public schools scrambling to get enough bodies to keep school afloat next semester.
Why it matters: Districts are desperate to keep classes going and are stretched thin by the sometimes competing needs of in-person and distance learning.
A little more than a week before the programs expire on Dec. 26, claims for pandemic-specific unemployment benefits are spiking with nearly 1 million new people receiving unemployment assistance via the temporary programs, the latest data from the Labor Department show.
What's happening: As of Nov. 28, there were 14 million people receiving unemployment benefits through the Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) programs, an increase of 958,000 from the previous week.
The hastily-built outdoor seating that has kept so many restaurants limping along this fall is now starting to come down, but the fight for survival continues.
Driving the news: This week — amid Gov. Andrew Cuomo's second halt to indoor dining in New York City and a wicked blizzard that suspended outdoor service — workers at the 21 Club in Midtown rallied against the owners' decision to keep the place closed indefinitely.
A new report — first seen by Axios — lays out what could go wrong in the worlds of geopolitics, business and technology in the coming year, as well as what could go right.
The big picture: Viewed side by side, many of the risks and opportunities of 2021 present a mirror image, where different decisions in the same part of the world can lead to positive outcomes — or another year of catastrophe.
The pandemic didn't just move us forward in terms of workplace transformations — it also moved us back, erasing decades of workplace progress and deepening existing societal inequalities.
Why it matters: It could take years to reach the levels of equity that existed before the coronavirus ravaged the U.S. economy.
Oracle co-founder Larry Ellison told employees that he has moved to Lanai, Hawaii, becoming the latest Silicon Valley executive to announce a departure from California, as Recode first reported.
The big picture: Oracle announced Friday that it had shifted the company’s headquarters to Austin, from Redwood City, California, and Ellison made clear on Monday that he would not be making the trip to Texas.
Leaders of a farmers' protest in India held a day-long hunger strike on Monday and reiterated their calls for nationwide protests over new laws to deregulate Indian agriculture, Al Jazeera reports.
Why it matters: Farmers say the laws will drive down crop prices and benefit big corporations. They've taken the government by surprise with large demonstrations in New Delhi, which have now continued for 19 days.
A bipartisan group of senators has released the full legislative text for a two-part stimulus plan: a $748 billion package focusing on areas of agreement and a separate $160 billion bill that includes the most controversial provisions — additional funding for state and local government and liability protections.
Why it matters: While many lawmakers see this bill as the most realistic and concrete compromise on coronavirus relief that we've seen in months, House and Senate leadership currently view it as a marker for broader negotiations — not the final vehicle for aid.