Another 1.3 Million Americans File for Unemployment

A new jobless report is out, and the historically high level remains stuck in neutral.

The number of laid off workers looking for unemployment benefits stayed at 1.3 million.

These new numbers show that many companies are still cutting jobs as the coronavirus pandemic continues to intensify.

The elevated level of applications for jobless aid is happening as new confirmed cases of coronavirus are spiking across much of the Sunbelt, threatening to weaken the economic recovery.

Case counts are rising in 40 states, and 22 states have either paused or reversed their efforts to reopen their economies.

Tens of thousands of Michigan residents continue to file for first-time unemployment benefits each week.

Nearly 25,000 new initial unemployment claims were filed in the state last week.

That’s about 9,700 less than the previous week’s total, which was more than 34,000.

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.

 

Categories: Coronavirus