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More than a million Americans filed for unemployment benefits last week, signaling that pandemic-induced layoffs remain highly elevated even with the US economy reopening.
US weekly jobless claims totaled 1.5 million in the week that ended Saturday, the Labor Department said Thursday. That was slightly higher than the consensus economist estimate of 1.3 million, according to Bloomberg data. It's the second week in a row in which weekly jobless claims have been higher than economist estimates.
In just a few months, the roughly 47 million unemployment claims filed during the coronavirus pandemic have far surpassed the roughly 37 million during the 18-month Great Recession. Even though weekly claims have consistently declined for 12 weeks in a row, they are still more than double the 665,000 filed during the Great Recession's worst week.
Read more https://www.businessinsider.com/us-...nsurance-coronavirus-recession-economy-2020-6
US weekly jobless claims totaled 1.5 million in the week that ended Saturday, the Labor Department said Thursday. That was slightly higher than the consensus economist estimate of 1.3 million, according to Bloomberg data. It's the second week in a row in which weekly jobless claims have been higher than economist estimates.
In just a few months, the roughly 47 million unemployment claims filed during the coronavirus pandemic have far surpassed the roughly 37 million during the 18-month Great Recession. Even though weekly claims have consistently declined for 12 weeks in a row, they are still more than double the 665,000 filed during the Great Recession's worst week.
Read more https://www.businessinsider.com/us-...nsurance-coronavirus-recession-economy-2020-6
