JUST IN: Another 1.5 million Americans filed for first-time unemployment benefits last week, the Department of Labor reports.
on a seasonally adjusted basis, the Department of Labor reported on Thursday.Although initial jobless claims have been falling every week since peaking at 6.9 million in the last week of March, millions of people remain reliant on government aid to make ends meet since the pandemic eliminated their jobs. More than 44 million people have filed for initial unemployment benefits since mid-March, when then US economy shut down to prevent the spread of Covid-19.
Read MoreIn addition to regular unemployment insurance, nearly 706,000 people in 42 states filed initial claims for the pandemic unemployment assistance program last week. Congress created the program to temporarily provide benefits to independent contractors, the self-employed, gig workers and certain people affected by the coronavirus. That's in addition to the more than 2.1 million Americans who filed first-time pandemic program claims over the two weeks ending May 30.
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1.5 million workers file jobless claimsBREAKING: More than 1.5 million American workers filed jobless claims last week as the coronavirus crisis wages on, the Department of Labor said.
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1.5 million workers file jobless claimsMore than 1.5 million American workers filed jobless claims last week as the coronavirus crisis wages on, the Department of Labor said Thursday.While the number of new unemployment filings has leveled off since peaking in late March, millions of workers have still not returned to work.Some 43 million
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US weekly jobless claims hit 1.5 million, bringing the 12-week total to 44 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Declining Unemployment Claims Suggest Start of Labor Market RecoveryA decrease in the number of Americans receiving unemployment benefits in data to be released Thursday morning would offer another sign that the labor market is starting to mend.
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Labor Secretary Eugene Scalia Opposes Extension of Extra $600 in Unemployment BenefitsLabor Secretary Eugene Scalia says he opposes the extension of $600 a week in unemployment benefits that workers are receiving during the pandemic, saying they will have served their usefulness by the time the current program expires at the end of July
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