More than 790,000 Americans filed for unemployment insurance for the first time last week, the Labor Department said Thursday, as the economic fallout from the coronavirus pandemic continues to mount.
The latest weekly tally has dipped significantly from the 6.2 million who filed first-time claims in early Spring, when the economy ground to a virtual halt to slow the spread of the coronavirus. USA TODAY is now using non-seasonally adjusted jobless claims numbers because the Labor Department has switched to a different method to adjust the data based on seasonal factors, such as school workers losing jobs in June. The old method resulted in seasonal adjustments that dramatically inflated the number of claims filed during the pandemic.
Economists have been focusing more on that number because it reflects all who remain unemployed, while its weekly shifts offer a clearer picture of how many people have gone back to work.
Thanks to the Governor's who shut down the economy for political purposes
How many americans filed for a gym membership?
I imagine people have more debt than ever, too.
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