Unemployment Claims: 1.5 Million New State Filings in a Week
Businesses are reopening after coronavirus shutdowns, governments are easing restrictions, and workers are gradually returning to their jobs. But the layoffs keep coming.
Another 1.5 million people applied for state unemployment benefits last week, the Labor Department said Thursday, while 760,000 more filed new claims for Pandemic Unemployment Assistance, a federal emergency program that extends benefits to self-employed workers, independent contractors and others who don’t qualify for standard benefits.
It was the 13th straight week that filings topped one million. Until the present crisis, the most new claims in a single week had been 695,000, in 1982.
“It’s still more than twice the worst week of the Great Recession,” said Heidi Shierholz, director of policy at the Economic Policy Institute, a progressive think tank. “It’s a sustained hemorrhaging of jobs unlike anything we’ve seen …continued .
[Source: New York Times]