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Sen. Ron Wyden on Friday introduced a bill that would double unemployment benefits to 52 weeks if the jobless rate jumps.

Sen. Ron Wyden, D-Ore., is proposing expanded unemployment benefits and retraining assistance for workers displaced by artificial intelligence as lawmakers weigh how to prepare the nation's economic safety net for potential job losses.

An old idea springs anew as a chorus of influential voices predicts that AI may trigger crises of vast magnitude In a preface to his book Capitalism and Freedom, the American economist Milton Friedman famously observed that a crisis can propel once-fringe ideas into the political mainstream. “Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around,” he wrote. The job of intellectuals, thinktanks and economists, he argued, is to refine the quality of these ambient ideas, so that good ones are ready when disaster strikes. Continue reading...

About 194,000 jobless claims were filed last week, nearly the lowest weekly count since the 1960s, the Department of Labor said in a report Thursday.

Initial filings for unemployment insurance slipped to a seasonally adjusted 194,000.

The number of Americans filing new claims for unemployment benefits dropped to near 57-year lows last week amid low layoffs, suggesting job growth picked up in October after September's underwhelming performance.

The historic stretch of low layoffs in the U.S. economy continued last week. Applications for U.S. unemployment benefits fell by 6,000 to 194,000 in the week ended Oct. 17, according to Labor Department data released Thursday. The reading came in The post Jobless Claims Fall Toward 57-Year Low appeared first on Breitbart .