Another 1.5 million US workers file for unemployment insurance
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Source: ABC News
Nearly 1.5 million U.S. workers filed jobless claims last week, the Department of Labor said Thursday.
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New jobless claims have topped 1 million for 14 straight weeks. Prior to the coronavirus pandemic, the record for weekly unemployment filings was 695,000 in 1982.
While many have begun returning to work, some 19.5 million workers are still receiving unemployment insurance.
"Three months into the unprecedented economic downturn ignited by the COVID-19 outbreak, the nation’s job market is mired in uncharted and heartbreaking territory. The highly elevated but declining levels of new and continuing unemployment claims suggest tens of millions of Americans are still in dire straits," Mark Hamrick, a senior economic analyst at Bankrate, said Thursday.
Read more: https://abcnews.go.com/Business/15-million-us-workers-file-unemployment-insurance/story?id=71445567
Meanwhile, tRump has declared victory and is suggesting everything is great.
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