Usa Washington virus pandemic Coronavirus Usa Washington

US jobless claims drop but remain at historic high as pandemic rages

Reading now: 723
www.clickorlando.com

WASHINGTON – The number of Americans applying for unemployment benefits fell but remained at a historically high 847,000 last week, a sign that layoffs keep coming as the coronavirus pandemic continues to rage.

Last week’s claims dropped by 67,000, from 914,000 the week before, the Labor Department said Thursday. Before the virus hit the United States hard last March, weekly applications for jobless aid had never topped 700,000.

Overall, nearly 4.8 million Americans are continuing to receive traditional state unemployment benefits. That is down from nearly 5 million the week before and from a staggering peak of nearly 25 million in May when the virus — and lockdowns and other measures to contain it — brought economic activity to a near

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA