{"id":145060,"date":"2020-05-21T15:57:21","date_gmt":"2020-05-21T13:57:21","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2020\/05\/21\/uk-economy-in-unprecedented-downturn-as-activity-keeps-falling-business-live\/"},"modified":"2020-05-21T15:57:21","modified_gmt":"2020-05-21T13:57:21","slug":"uk-economy-in-unprecedented-downturn-as-activity-keeps-falling-business-live","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=145060","title":{"rendered":"UK economy in &#039;unprecedented downturn&#039; as activity keeps falling &#8211; business live"},"content":{"rendered":"<p>Rolling coverage of the latest economic and financial newsLatest: Another 2.4m Americans lost jobs last weekUK economy locked in \u2018unprecedented downturn\u2019Markets alarmed as Trump attacks ChinaCoronavirus \u2013 latest updatesSee all our coronavirus coverage 2.57pm BST The initial claims figures, although bad, don\u2019t capture the full extent of the jobs lost in the crisis.Another 2.2 million new claims were filed through the federal government\u2019s temporary Pandemic Unemployment Assistance program. It\u2019s designed to help gig economy workers, independent contractors and other self-employed workers, who might not be able file traditional jobless claims. 2.44pm BST Wall Street is unperturbed by today\u2019s US jobless numbers.The Dow has gained 57 points or 0.2% in early trading to 24,633 points, despite traders learning that another 2.4m Americans are now on the dole. The S&amp;P total return index down just 7% year to date as financial capitalism shrugs off the suspension of capitalism Related: AstraZeneca could supply potential coronavirus vaccine from September Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/live\/2020\/may\/21\/markets-edgy-trump-china-uk-eurozone-recession-covid-coronavirus-economy-unemployment-business-live\" target=\"_blank\">UK economy in &#039;unprecedented downturn&#039; as activity keeps falling &#8211; business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rolling coverage of the latest economic and financial newsLatest: Another 2.4m Americans lost jobs last weekUK economy locked in \u2018unprecedented downturn\u2019Markets alarmed as Trump attacks ChinaCoronavirus \u2013 latest updatesSee all our coronavirus coverage 2.57pm BST The initial claims figures, although bad, don\u2019t capture the full extent of the jobs lost [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-145060","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/145060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=145060"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/145060\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=145060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=145060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=145060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}