09/17/2020

Another 860,000 Americans Filed for Unemployment Benefits Last Week

Claims remain four-times higher than they were prior to COVID-19

Another 860,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Department of Labor reported Thursday.

It was another week-on-week decline for jobless claims as the jobs recovery drags on, but the improvements have been slow and the jobs recovery is running out of steam. Weekly claims have improved since mid-August, when they briefly inched higher.

Despite the improvement, last week's claims were still about four-times higher than they were before the pandemic.

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