USA-Additional 870,000 workers filed for jobless benefits last week

0
50
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fayetteville, Arkansas, on April 6, 2020. REUTERS/Nick Oxford

About 870,000 new applications for unemployment insurance were processed last week, a slight increase from the week before, as unemployment claims remain stubbornly high six months into the pandemic.

That figure is up slightly from the 866,000 applications processed the week before, according to the Labor Department.

An additional 630,000 people had new claims processed for Pandemic Unemployment Assistance, the program for self-employed and gig workers, down from 675,000 the week before.

“There’s nothing surprising in this,” said Heidi Shierholz, an economist at the Economic Policy Institute. “It’s just an ongoing crisis in the labor market.”

Read the full story

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.