MoneyBusiness

Actions

US jobless claims fall below 1 million but remain high

Virus Outbreak
Virus Outbreak
Virus Outbreak
Posted
and last updated

WASHINGTON (AP) — The number of laid-off workers applying for unemployment aid fell below 1 million last week for the first time since the pandemic intensified five months ago, yet still remains at a high level. The viral pandemic keeps forcing layoffs just as the expiration of a $600-a-week federal jobless benefit has deepened the hardships for many. The Labor Department said applications fell to 963,000, the second straight drop, from 1.2 million the previous week. The decline suggests that layoffs are slowing, though last week’s figure still exceeds the pre-pandemic record of just under 700,000. 

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Friday

01/24/2025

Mostly Sunny

73° / 44°

0%

Saturday

01/25/2025

Cloudy

62° / 45°

15%

Sunday

01/26/2025

PM Showers

58° / 42°

54%

Monday

01/27/2025

AM Clouds/PM Sun

56° / 36°

19%

Tuesday

01/28/2025

Sunny

60° / 36°

5%

Wednesday

01/29/2025

Sunny

61° / 38°

4%

Thursday

01/30/2025

Mostly Sunny

63° / 41°

2%

Friday

01/31/2025

Partly Cloudy

63° / 43°

4%