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More than 4 million Americans file for jobless aid, bringing pandemic total above 40 million
More than 4 million U.S. workers filed for jobless benefits last week, the Labor Department said Thursday. That brings the total number of people applying for aid to more than 43 million, on a seasonally adjusted basis, since the coronavirus pandemic spread across the nation.
Put another way, 1 in 4 U.S. workers has applied for jobless aid in the last 10 weeks.
"Unemployment claims made during the coronavirus crisis have already exceeded the 37 million claims made over the entire 18 months of the Great Recession," Daniel Zhao, senior economist at Glassdoor, said in a note. "[T]he labor market remains in a deep hole it will have to climb out of."
<snip>
The expanded unemployment benefits that have allowed many people to keep supporting themselves despite being out of work run out at the end of July. Democrats in Congress have pushed for an expansion of jobless aid, while Republican lawmakers have called for federal assistance to be phased out as shuttered employers reopen around the country. - CBS Moneywatch
Put another way, 1 in 4 U.S. workers has applied for jobless aid in the last 10 weeks.
"Unemployment claims made during the coronavirus crisis have already exceeded the 37 million claims made over the entire 18 months of the Great Recession," Daniel Zhao, senior economist at Glassdoor, said in a note. "[T]he labor market remains in a deep hole it will have to climb out of."
<snip>
The expanded unemployment benefits that have allowed many people to keep supporting themselves despite being out of work run out at the end of July. Democrats in Congress have pushed for an expansion of jobless aid, while Republican lawmakers have called for federal assistance to be phased out as shuttered employers reopen around the country. - CBS Moneywatch
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