Number of Americans filing for jobless aid dips
Fewer Americans filed for jobless aid last week, a sign the labor market continues to slowly recover from the massive blow delivered by the.
About 790,000 people filed for unemployment benefits for the first time in the week ending September 12, the Labor Department said Thursday. It’s the first time in six months that initial unemployment claims were below 800,000.
Accounting for seasonal adjustments, about 860,000 people filed for unemployment aid, in line with earlier weeks. Another 659,000 sought Pandemic Unemployment Assistance, a new federal program for the self-employed and gig workers. That number fell by 209,000 from the week before.
“Today’s decline in initial unemployment claims (non-seasonally adjusted) is a small bright spot, snapping a four week streak of upticks. However when taking stock of where we are six months into the pandemic, the economy is still …continued .
[Source: CBS News]