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US jobless claims likely remained high as layoffs persist

AP Economics Writer | Hagadone News Network | UPDATED 5 years, 2 months AGO
by AP Economics Writer
| October 1, 2020 4:06 AM

WASHINGTON (AP) — The government will provide its latest picture Thursday of the pace of layoffs in the United States, which have remained high as some sectors of the economy have rebounded since the viral pandemic erupted in March while others remain depressed.

The still-elevated number of people seeking unemployment benefits each week reflects an economy that has recovered only about half the 22 million jobs that were lost to the pandemic. Many employers, especially small retailers, hotels, restaurants, airlines and entertainment venues, are still struggling. And millions of Americans are facing unemployment with vastly diminished aid since the expiration of a $600-a-week federal benefit this summer.

At the same time, some newly laid-off people are facing delays in receiving unemployment benefits as some state agencies intensify efforts to combat fraudulent applications and clear out backlogged claims. California, the largest state, has stopped processing new applications for two weeks as it seeks to reduce backlogs and pursue suspected fraud.

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.