Weekly claims for unemployment benefit rise to 870,000

US workers submitted 870,000 claims for unemployment benefits this past week Last week 866,000 applications had been submitted Applicatio...

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  • US workers submitted 870,000 claims for unemployment benefits this past week
  • Last week 866,000 applications had been submitted
  • Applications for the conventional subsidy have decreased substantially since the last week of March when they reached 6.8 million

Some 870,000 people requested the last week unemployment benefit, compared to 866,000 the previous week, as the impact of the COVID-19 pandemic continues on the US job market, the Labor Department reported today.

The average number of requests in four weeks, a measure that compensates for weekly variations, fell to 878,250 in the week ending September 19, compared to 912,000 the previous week, reported the Efe news agency.

The report from the Bureau of Labor Statistics indicates that last week there were 12.58 million people receiving conventional unemployment benefit, compared with 12.63 million in the previous week.

Unemployment benefit applications

Photo: Twitter.

Applications for the conventional subsidy have decreased substantially since they reached 6.8 million in the last week of March, but in recent weeks they have remained above 800,000, this is four times more than the figures in the months prior to the pandemic.

Between March and April, the world’s largest economy lost almost 22 million jobs and although it has since shown a recovery, the pace of hiring workers has slowed in the last two months.

This weekly figure does not include the more than 16 million people who received a weekly grant of $ 600 under an emergency program approved by Congress and enacted by President Donald Trump in March.

The program, which covered independent workers and contractors excluded from the conventional subsidy, ended at the end of July and Congress has not reached an agreement to extend it.

In August, Trump signed a decree authorizing a $ 300 weekly grant, requiring state governments to participate with an additional $ 100, in a program lasting just six weeks.

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The post Weekly claims for unemployment benefit rise to 870,000 appeared first on Hispanic World.

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