The first of the month is coming back around

You know, there is one every month. What's this one gonna be like?

Just over one million Americans filed new claims for state jobless benefits last week, the latest sign that the economy is losing momentum just as federal aid to the unemployed has been pulled away.

Weekly claims briefly dipped below the one million mark early this month, offering a glimmer of hope in an otherwise gloomy job market. But filings jumped to 1.1 million the next week, and stayed above one million last week, the Labor Department said Thursday.

“It’s devastating how stubbornly high initial claims are,” said Julia Pollak, a labor economist at the employment site ZipRecruiter. “There are still huge numbers of layoffs taking place.”

The state of Louisiana began issuing the first of its now greatly reduced unemployment benefits payments.  Thanks to Donald Trump, that money now pulls money away from FEMA just as Louisiana begins recovering from a Cat 4 hurricane strike. 

Also no one has a job or any money.  Rent is still due, though.