The continued high number of people seeking unemployment benefits reflects an economy that has regained just over half of the 22 million jobs lost.
WASHINGTON – The government will present its current picture on Thursday of the pace of downsizing in the United States, which has continued to accelerate as the virus pandemic is still hampering the economy seven months after it broke out.
The continued high number of people seeking unemployment benefits reflects an economy that has only regained just over half of the 22 million jobs lost in the pandemic. Many Americans have suffered from unemployment with greatly reduced aid since a federal benefit of $ 600 a week expired this summer.
The latest weekly unemployment claims report coincides with the dwindling prospects for a new federal bailout that economists say is badly needed for unemployed and struggling businesses, states and cities. Congress remains at a dead end.
At the same time, economists say they have become more skeptical about government numbers on jobless claims, although there is little doubt that hiring has slowed and many employers are still shedding jobs.