New U.S. unemployment numbers out today are bad, and it’s because the pandemic is surging after the holidays.”The number of people seeking unemployment aid soared the previous week to 965,000, the most since late August and evidence that the resurgent virus has caused a spike in layoffs,” reports AP:
The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. Last spring, after nationwide shutdowns took outcome, applications for jobless benefits spiked to almost 7 million — 10 times the previous record high. After declining over the summer, weekly claims have been stuck above 700,000 since September.
More at the Associated Press.
From the Department of Labor announcement:
In the week ending January 9, the advance figure for seasonally adjusted initial claims was 965,000, an increase of 181,000 from the previous week’s revised level. The previous week’s level was ……
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