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Many more likely sought jobless aid after $600 check ends

AP Economics Writer | Hagadone News Network | UPDATED 5 years, 4 months AGO
by AP Economics Writer
| August 13, 2020 4:03 AM

WASHINGTON (AP) — The U.S. government will provide its latest report Thursday on the pace of layoffs, which have remained stuck at a high level since the viral pandemic erupted five months ago.

Though the rate of applications for unemployment benefits has reached its lowest point since March, it has exceeded 1 million for 20 straight weeks — well above the record high that predated the pandemic.

The virus has continued to debilitate the economy. The number of new confirmed cases has declined over the past couple of weeks but is still far above the levels that prevailed in May and June. Twenty-three states have paused or reversed their business re-openings.

The latest string of layoffs follows the expiration of a $600 weekly federal payment that provided critical support for millions of laid-off Americans. Negotiations in Congress to extend that benefit, likely at a lower level of payment, have collapsed in rancor.

ARTICLES BY AP ECONOMICS WRITER

October 10, 2020 12:03 a.m.

US layoffs still high, but so is skepticism on jobless data

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.

October 9, 2020 12:06 a.m.

US layoffs still high, but so is skepticism on jobless data

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.

October 8, 2020 10:03 a.m.

US layoffs still high, but so is skepticism on jobless data

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.