Monday, December 15, 2025
53.0°F

Many more likely sought US jobless aid as layoffs persist

AP Economics Writer | Hagadone News Network | UPDATED 5 years, 3 months AGO
by AP Economics Writer
| September 10, 2020 4:27 AM

WASHINGTON (AP) — The U.S. government will provide its latest snapshot Thursday of the pace of layoffs, which have remained elevated but have been declining as some sectors of the economy have rebounded in the months since the viral pandemic erupted.

The number of people who are seeking unemployment benefits each week still exceeds the number who did so in any week on record before the virus triggered a recession in early spring.

The government's August jobs report showed that the economy had recovered about half the 22 million jobs that were lost to the pandemic. Many employers, especially small retailers, hotels, restaurants, airlines and entertainment venues, are struggling. And millions of Americans are facing unemployment with diminished benefits.

The rate of confirmed viral infections has dropped over the past several weeks but remains well above where it was in the spring. Many analysts say the economy won’t likely be able to sustain a recovery until a vaccine is available.

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.