Jobless claims surge in Oregon and nationally; some benefits lapse next week By The Oregonian staff and wire reports, The Oregonian staff and wire reports
Published: December 17, 2020, 8:28am
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The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse.
The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed that nine months after the viral pandemic paralyzed the economy, many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home. The number of claims was much higher than the 800,000 that economists had expected.
Associated Press
WASHINGTON (AP) The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy s recovery from its springtime collapse.
The Labor Department said Thursday that the number of applications increased from 862,000 the previous week. It showed that nine months after the virus paralyzed the economy, many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home. The number of claims was much higher than the 800,000 that economists had expected.
Before the coronavirus erupted in March, weekly jobless claims had typically numbered only about 225,000. The far-higher current pace reflects an employment market under stress and diminished job security for many.
US jobless claims rise to 885,000 amid resurgence of virus - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
In Ohio, 38,327 workers requested unemployment help last week, the highest number since May.
The Labor Department said Thursday that the number of applications nationwide increased from 862,000 the previous week. It showed that nine months after the virus paralyzed the economy, many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home. The number of claims was much higher than the 800,000 that economists had expected.
Before the coronavirus erupted in March, weekly jobless claims had typically numbered about 225,000.
The total number of people who are receiving traditional state unemployment benefits fell to 5.5 million from 5.8 million. That figure is down sharply from its peak of nearly 23 million in May. It means that some jobless Americans are finding jobs and no longer receiving aid. But it also indicates that many of the unemployed have used up their state benefits, which typically expire after six mont
Jobless Claims Rise to the Highest Level Since Early September eyeonhousing.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eyeonhousing.org Daily Mail and Mail on Sunday newspapers.