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Al-Saadi: There were concerns that Lahham would be placed under administrative detention.
Al-Saadi: The Israeli occupation authorities could not prove any allegations leveled against Nasser Lahham.
Lawyer Oussama al-Saadi: The oppressive Israeli measures of delaying Lahham's release had vengeful motives.
Nasser Lahham's lawyer said the journalist was released without any conditions or restrictions, adding that the conditions in which he was kept were terrible.
The Israeli occupation authorities release Al Mayadeen Palestine bureau chief Nasser al-Lahham.
Local Syrian sources: An Israeli airstrike targeted a tank and artillery battalion in the city of Izraa in the Daraa countryside
Al Mayadeen's correspondent in eastern Lebanon: 12 martyrs and 5 wounded in Israeli raids targeting the outskirts of Wadi Fa'ra in the northern Bekaa Valley
Local Syrian sources: More than 10 Israeli raids targeted Sweida, with information about more than five casualties from the Internal Security Forces
Local Syrian sources: Initial reports indicate that approximately 15 people were killed or wounded at the al-Radwan family's guest house in Sweida following a direct exchange of gunfire
Israeli media, citing Israeli political sources, reported that the Shas movement is expected to withdraw from the government within less than 24 hours

US: Unemployment benefits applications generally indicate layoffs

  • By Al Mayadeen English
  • Source: Agencies
  • 4 Aug 2022 23:24
3 Min Read

The unemployment rate has increased slowly in the US as inflation reached 9.1%.

  • x
  • Inflation in the US reaches 9.1% (Frederic J. Brown)
    Inflation in the US reached 9.1%.

With the unemployment rate slowly increasing in the US, more Americans applied for unemployment benefits last week.

The Labor Department said on Thursday the number of applications for unemployment benefits increased by 6,000 to 260,000 for the week ending July 30 from 254,000 the previous week. The number of applications for new unemployment benefits applications generally indicates layoffs. 

The number of jobless benefits claims increased from the prior week to 254,750 on a four-week average, which usually balances out weekly fluctuations.

The overall number of Americans claiming unemployment benefits increased by 48,000 for the week ending July 23 from 1,416,000 the week prior. For months, that number has been close to 50-year lows.

The Labor Department announced on Tuesday that fewer job opportunities were posted by American firms in June as the economy struggled to deal with stubbornly high inflation and increasing interest rates.

According to a Morning Consult poll, as #recession fears grow among #Americans, 63% of respondents said they are very or somewhat concerned about being able to afford gas/fuel in the future.#Inflation pic.twitter.com/21H03vKyRH

— Al Mayadeen English (@MayadeenEnglish) July 29, 2022

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From 11.3 million in May, job vacancies decreased to 10.7 million in June. Prior to last year, there were never more than 8 million job opportunities in a single month. From December through May, however, the number had not decreased below 11 million until June.

The Labor Department's July employment report, which is scheduled to be released on Friday, is anticipated to reveal that businesses added 250,000 new positions in July. While this would be good in normal circumstances, however, in the current situation, it would be the lowest number since December 2020.

For the fifth consecutive month, economists anticipate that the unemployment rate will remain at 3.6%.

Even though the labor market is currently regarded as being robust, notable companies including Tesla, Netflix, Carvana, Redfin, and Coinbase have lately announced layoffs. Many other businesses, especially in the computer industry, have issued hiring curbs.

The US economy appears to be weaker than previously thought, according to other indications. The government reported last week that the second quarter's 0.9% decline in the US GDP was the second consecutive quarterly decline.

Consumer prices continue to surge, with a 9.1% inflation rate when compared with last year's prices. This increase constitutes the highest annual increase in four decades. The Federal Reserve responded by increasing its key borrowing rate by three-quarters of a percentage point last week. This comes after a three-quarter point jump in June and an additional half-point increase in May.

Read more: US before 'very narrow path' to avert recession: IMF

  • US
  • US recession
  • IMF
  • inflation
  • US inflation
  • Unemployment
  • Recession

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