Fox NationalNational News

Another 751,000 Americans filed for jobless aid last week as layoffs remain high

WASHINGTON (Fox News): The number of Americans applying for state unemployment benefits remained persistently high last week, indicating the pace of layoffs is still elevated as a resurgence in coronavirus cases threatens to derail the economy‘s recovery.

The latest jobless claims figures from the Labor Department, which cover the week ending Oct. 24, show that 751,000 workers sought aid last week, about four-times the pre-crisis level. More than 65 million Americans  roughly 40% of the nation’s labor force  have sought jobless aid since the coronavirus lockdowns began in mid-March.

Economists surveyed by Refinitiv expected 775,000 new claims.

Related posts

Appeals Court opens door to more GM ignition switch lawsuits

AP News

US sets coronavirus infection record; deaths near 224,000

AP News

Reports: several shot inside Bronx hospital

Darrin Wright

Leave a Comment