Unemployment & Coronavirus: Weekly Jobless Claims Fall to Pandemic Low

Policy

[ad_1]

People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Ky., June 18, 2020. (Bryan Woolston/Reuters)

Weekly unemployment claims fell last week to their lowest level since the coronavirus pandemic began, although claims continue to be filed at a rate unprecedented before the U.S. outbreak began.

Initial jobless claims totaled 1.186 million for the week ending August 1, below the 1.42 million economists had expected and about 249,000 less than the previous week’s claims.

Continuing claims totaled 16.1 million, a drop of 844,000 from the previous week.

You Might Like

The previous record for initial jobless claims was a week in 1982 that saw 695,000 claims, far below the weekly levels seen during the pandemic.

As of July 18, a total of 32.1 million Americans have claimed jobless benefits as the economy sputters in the wake of business closures and other lockdown measures implemented in March when the coronavirus began to spread in the country.

 

Send a tip to the news team at NR.

[ad_2]

Read the Original Article Here

Articles You May Like

Socialist actor Brian Cox calls the Bible ‘one of the worst books ever’ and says ‘the theater’ is the ‘one true church’
New Mexico grandmom says home intruder didn’t listen to her warning, so she shot him to protect her 4-year-old granddaughter
UCLA protests: ‘I was caught between students and police – a dispersal order feels imminent’
‘Pure evil’: Guatemalan illegal alien allegedly lethally stabbed his girlfriend and her daughter, Florida police say
‘Terrifying’ interrogation’: American faces 12 years in Turks and Caicos prison after 4 rounds of hunting ammo found in his luggage

Leave a Reply

Your email address will not be published.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