Weekly Unemployment Claims on Track for 21 Weeks Above 1 Million

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Economists estimate initial unemployment claims will be above one million for 21 straight weeks as layoffs continue five months into the coronavirus pandemic

Unemployment claims likely held steady at historically high levels last week, an indication companies continued to lay off workers nearly five months into the coronavirus pandemic.

Economists estimate initial unemployment claims fell slightly to 1.1 million last week, which would mark 21 straight weeks claims logged in above 1 million. New applications for unemployment benefits declined in the prior week and are down significantly from a peak of near 7 million in March, but still nearly twice the pre-pandemic record of 695,000.

 

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The Coronavirus relief would help many in need. Trump is taking action to help out the strong unemployment rate at the moment. Issuing more job opportunities at the same time of helping those in need of money who do not have a way of income.

But Pence just said they had created 8 million jobs, the most in the history of everything ... what is going on here? /s

The ppp works well for unemployment. Only stupid trump is proud for his crooks and corrupt.

It would be an idea to have a chat with simonjpaine popUPbusiness How we are tackling this with joint efforts localgovernments socialenterprise in the uk jobsearch jobseekers

WOKE WSJ 'news' writers cheer for a bad economy .... until after Biden's election.

And yet we are told that we are turning the corner on everything related to the virus which can’t possibly be true with these numbers. Either the media or the government is not being truthful. All we want is the truth, why is that so hard? TheTruth

Hey senatemajldr, take your time.

The unemployed still have access to unemployment benefits.

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