claims

U.S. weekly jobless claims remain high, second wave of layoffs blamed

By Lucia Mutikani

WASHINGTON (Reuters) – A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

The Labor Department’s weekly jobless claims report on Thursday, the most timely data on the economy’s health, is expected to sketch a picture of continued labor market distress even though employers hired a record 2.5 million workers in May as businesses reopened after shuttering in mid-March to slow the spread of COVID-19.

Millions are still collecting unemployment checks. Federal Reserve Chair Jerome Powell told lawmakers this week that “significant uncertainty remains about the timing and strength of the recovery.” The economy fell into recession in February.

Initial claims for state unemployment benefits likely totaled a seasonally adjusted 1.3 million for the week ended June 13, down from

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Deadline set for abuse survivors to file claims in Boy Scouts bankruptcy

Claims of abuse by Scout leaders and others must be filed by Nov. 16 to be eligible for compensation through the Boy Scouts of America’s bankruptcy proceedings, following a deadline set Tuesday afternoon.

Those who do not meet that deadline will be barred from filing suit against the national organization in the future.

The deadline and process, filed by Judge Laurie Silverstein in U.S. Bankruptcy Court for the District of Delaware, is based on an agreement reached during a hearing last week. 

Initially, the Boy Scouts had proposed 80 days for survivors to come forward. The agreed-upon date provides more than twice that much time: almost six months. The Boy Scouts will be required to run a nearly $7 million awareness campaign encouraging people to come forward. The campaign will include mail and email to those who have filed complaints, as well as national television and print advertisements.  

Survivors

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