Huge steps in the wrong direction: Unemployment demands rise

Another 965,000 people applied for first-time unemployment benefits on a seasonally adjusted basis in the United States last week, the United States The work department reported Thursday.
It was significantly higher than the previous week, in which 784,000 Americans filed for unemployment benefits.
Weekly first-time unemployment claims are stuck at an uncomfortably high level. At the end of August, the number dropped to less than 1 million, but since then significant improvements have been difficult to achieve – and last week represented a huge step in the wrong direction.
In addition to general requirements, 284,470 workers filed pandemic unemployment assistance claims. The program provides assistance to people as the self-employed or gig workers who are not covered by regular benefits. After new stimulus agreement expanded the program, it is now scheduled for the end of March.

In total, the first benefit claims amounted to 1.4 million last week, excluding seasonal adjustments.

Continued claims, counting workers who have demanded support for at least two weeks in a row, stood at 5.3 million in the week ending January 2nd.

This is a story that is evolving. It will be updated


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