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Unemployment claims rise to 719K in US as virus pushes to cut jobs

WASHINGTON (AP) – The number of Americans applying for unemployment benefits rose from 61,000 to 719,000 last week, which means many employers are still cutting jobs, even re-opening more businesses, using more vaccines, and distributing federal aid. through the economy.

The Department of Labor said Thursday that the number of lawsuits had risen from 684,000 last week. Although the rate of applications has sharply decreased since the beginning of this year, they remain high by historical standards. Until the epidemic flattened the economy a year ago, unemployment claims were typically below 220,000 a week.

Everyone says that 3.8 million people were collecting traditional state benefits during the week ending March 20. If you include federal programs designed to help the unemployed recover from a health crisis, 18.2 million people received some form of unemployment benefit in the past week. On March 13.

Economists monitor weekly unemployment assistance applications to find out where the labor market is. Applications generally reflect the level of layoffs that usually fall steadily as labor markets strengthen. During the epidemic, however, the numbers became less reliable as states struggled with the weight of applications, մեղ fraud allegations overshadowed the real scale of job cuts.

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