Number of laid-off workers seeking jobless aid stuck at 1.3M

"The grindstone" by Kathryn Decker, CC BY 2.0

WASHINGTON (AP): The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, an historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.

The elevated level of applications for jobless aid is occurring as new confirmed cases of coronavirus are spiking across much of the Sunbelt, threatening to weaken the economic recovery. Case counts are rising in 40 states and 22 states have either paused or reversed their efforts to reopen their economies, according to Bank of America.

Rising infections paralleled rising applications for aid in some states getting hit right now, and fell in states with declining infections. In Florida claims doubled to 129,000, and in Georgia, they rose nearly one-third to 136,000. In California, they increased 23,000 to nearly 288,000. Applications also rose in Arizona and South Carolina.

Applications fell in Texas, New Jersey, and New York.

The Labor Department’s Thursday report showed that applications for jobless aid fell by about 10,000 from the previous week. The figure has now topped 1 million for 17 straight weeks. Before the pandemic, the record high for weekly unemployment applications was nearly 700,000.

LEAVE A REPLY

Please enter your comment!
Please enter your name here