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News from The Associated Press, and a taste of the great journalism produced by AP members and customers.

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    The Associated Press‏Verified account @AP 22 Oct 2020

    BREAKING: U.S. jobless claims drop to 787,000, though layoffs remain high 7 months after virus struck economy.http://apne.ws/EWKCZ9Z 

    5:34 AM - 22 Oct 2020
    • 115 Retweets
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    36 replies 115 retweets 276 likes
      1. The Associated Press‏Verified account @AP 22 Oct 2020

        The still-elevated number of jobless claims underscores that a full recovery from the pandemic recession remains far off. Job growth has slowed for three straight months, leaving the economy still 10.7 million jobs short of its pre-pandemic level.http://apne.ws/HqqahIa 

        25 replies 57 retweets 122 likes
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      2. Jeff F  🧡 💻 ⚾️‏ @MusicForLife61 22 Oct 2020
        Replying to @Eatmecookme @AP

        Savings? Most people don't have 'savings' they're living paycheck to paycheck.

        0 replies 0 retweets 4 likes
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      1. PT - get vaccinated! Covid killed 830,000 so far‏ @pt35mm 22 Oct 2020
        Replying to @AP

        We know the economy was in a downward trend pre COViD https://www.google.com/amp/s/www.foxbusiness.com/economy/us-recession-started-in-february-researchers-say.amp …

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      1. John Malueg‏ @GalenMadoc 22 Oct 2020
        Replying to @AP

        Unemployment benefits only last so long. If you've been on them since March, and didn't get approved for an extension, then yeah, claims drop because they now literally have no income, even from unemployment.

        0 replies 1 retweet 14 likes
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      1. Steve‏ @stelenj 22 Oct 2020
        Replying to @AP

        And these are NEW claims not claims of people who are actually on it already

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      1. Andrew Spencer‏ @AndrewS02190337 22 Oct 2020
        Replying to @AP

        I have to believe the number of jobless claims (the #of persons receiving checks) have dropped not because they became employed but because their claims ran out. Still unemployed but with no benefit.

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