ANOTHER 898,000 Americans filed jobless claims last week, showing how new layoffs are persisting seven months since the start of the COVID-19 pandemic.
The Labor Department said this on Thursday.
Unemployment claims tally also shows a concerning spike of more than 53,000 last week, compared to the previous week’s revised figure.
The government also said the total number of people claiming state and federal unemployment benefits topped 25.2 million for the week ending Sept. 26. In comparison, 1.4 million people claimed benefits for the same week last year.
The level of new weekly unemployment claims has stagnated near the 850,000 mark for the past few weeks, a significant drop from when they peaked at 6.9 million in the last week of March. For context, the previous record for weekly unemployment claims was 695,000 in 1982 — a record that has been shattered for 30 straight weeks in 2020.