Another 1.3 Million People File for Unemployment
Another 1.3 million people filed for first-time unemployment claims last week.
While weekly jobless claims have been lower for more than three months since a peak in March, they are not trending downward as quickly as economists would like.
Workers who have filed claims for at least two weeks in a row stood at 18.1 million last week.
The consistent level of layoffs are coming as a spike in virus cases has forced six states to reverse course on reopening businesses.
Those six states make up one-third of the U.S. economy.
More than 34,000 new initial unemployment claims were filed in Michigan last week.
That’s just less than the previous week’s total, which was more than 38,000.
That decline followed a sharp increase in the last week of June.
Still statewide unemployment claims are far below the peak number of claims filed which came the week of April 4.
That’s when more than 388,000 people in Michigan filed for unemployment benefits.