MoneyBusiness

Actions

COVID-19 danger continues to drive joblessness in US

Virus Outbreak Unemployment Benefits
Virus Outbreak Unemployment Benefits
Virus Outbreak Unemployment Benefits
Virus Outbreak Unemployment Benefits
Virus Outbreak Unemployment Benefits
Unemployment Benefits
Posted at 3:47 AM, Sep 17, 2020
and last updated 2020-09-17 13:06:36-04

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak. Before the pandemic hit the economy, the number signing up for jobless aid had never exceeded 700,000 in a week, even in the depths of the 2007-2009 Great Recession. The Labor Department also said Thursday that 12.6 million are collecting traditional unemployment benefits, compared with 1.7 million a year ago.