Americans Continue to File for Unemployment as Optimism Sets In
As we continue to navigate the road to recovery, twists and turns remain. But progress on the jobs front will continue as employers prepare to refresh their talent base and focus on getting America safely back to work.
April 8, 2021 – The Labor Department reported this morning that 744,000 Americans filed new claims for state unemployment benefits. Economists surveyed by Dow Jones expected 694,000 filings. The previous week’s average was revised down by 16,000 from 719,000 to 728,500. The Fed have now reported over 80 million initial jobless claims over the course of the COVID-19 pandemic — a number equivalent to roughly 47 percent of the nation’s workforce. Since last February, the United States has lost over 10 million jobs. While the number of weekly claims remains inordinately high by historical means, the trend is falling now that the U.S. economy continues to reopen and close to three million Americans receive vacations each day for COVID-19.