U.S. weekly jobless claims remain high as backlogs, layoffs linger

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U.S. weekly jobless claims remain high as backlogs, layoffs linger GlobeBusiness

, the Labor Department said on Thursday. Data for the prior week was revised down to show 2.687 million claims filed instead of the previously reported 2.981 million. Connecticut said last week it had misreported its numbers.

“None of these states had systems set up to process the unprecedented amount of claims in one fell swoop, so there are backlogs,” said Steve Blitz, chief U.S. economist at TS Lombard in New York. “We continue to read of firms cutting their workforce and these are firms that were not immediately impacted by the mandated contraction from COVID-19.”

Economists said claims numbers were staying high also as states were now processing applications for gig workers and many others trying to access federal government benefits.

 

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