Actions

Nearly 900,000 people sought unemployment benefits last week, figure remains historically high

Nearly 900,000 people sought unemployment benefits last week, figure remains historically high
Posted at 7:53 AM, Sep 10, 2020
and last updated 2020-09-10 09:27:29-04

WASHINGTON — The number of Americans applying for jobless aid was unchanged last week at 884,000, a sign that layoffs are stuck at a historically high level six months after the viral pandemic flattened the economy.

The latest figure released by the Labor Department Thursday still far exceeds the number who sought benefits in any week on record before this year.

About half of the 22 million Americans who lost their jobs due to the COVID-19 pandemic have resumed working in recent months. However, hiring has slowed since June, and many people still unemployed now say they consider their job loss permanent.

The U.S.'s inability to control the virus as other nations have is also contributing to a slowing job market. The country is still experiencing among the highest levels of new infections per day, and analysts believe that Americans are still reluctant to resume normal shopping or spending habits.

Analysts believe the economy won't truly begin a sustained recovery until a COVID-19 vaccine is widely available.

Coronavirus Resources and Information

Johns Hopkins global coronavirus tracker