Happy Friday! We could all use a Friday right about now.
Quick Hits: Today’s Top Stories
President-elect Joe Biden on Thursday outlined his administration’s $1.9 trillion coronavirus relief proposal. The package—which, after last month’s relief bill, faces a tough road in Congress—would include another round of $1,400 stimulus checks, an additional unemployment benefits boost, increased child tax credits, $350 billion in state and local aid, $20 billion for vaccine distribution, and a federal $15/hour minimum wage, among other provisions.
Initial jobless claims increased by 181,000 week-over-week to 965,000 last week, the Labor Department reported on Thursday. About 18.4 million people were on some form of unemployment insurance during the week ending December 26, compared with 2.2 million people during the comparable week in 2019.
A study of 20,000 health care workers in the United Kingdom found that individuals who contract and recover from COVID-19 are likely to be immune from the virus for at least five months. But, the researchers add, people who become reinfected are still liable to carry the virus and transmit it to others.