fbpx
Coronavirus

1.4M Americans Filed Unemployment Claims Last Week Alone

The number of laid-off Americans seeking unemployment benefits rose last week for the first time since the pandemic struck in March, evidence of the deepening economic pain the outbreak is causing to the economy.

The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing among the nation’s safety net programs — just when a $600 weekly federal aid payment for the jobless is set to expire at the end of this week.

All told, the Labor Department said Thursday that roughly 32 million people are receiving unemployment benefits, though that figure could include double-counting by some states. Some economists say the figure is likely closer to 25 million.

Last week’s pace of unemployment applications — the 18th straight week it’s topped 1 million — was up from 1.3 million the previous week. Before the pandemic, the number of weekly applications had never exceeded 700,000.

Read the source article at FOX6Now.com

    Leave a Review or Comment

    Your email address will not be published. Required fields are marked *

    Back to top button