Joe Biden Usa Washington pandemic economy Joe Biden Usa Washington

US unemployment claims fall to 779,000 but job cuts grind on

Reading now: 765
www.clickorlando.com

WASHINGTON – The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral pandemic.

Last week’s total dropped from 812,000 the previous week, the Labor Department said Thursday, and is the lowest in two months.

Still, before the virus erupted in the United States in March, weekly applications for jobless aid had never topped 700,000, even during the Great Recession.

Thursday's report reflects a U.S. job market that is still suffering from the pandemic, with hiring having weakened for six straight months.

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