Jobless claims dip below 1 million for first time in more than four months
Coronavirus,Unemployment,Economy And Jobs
From the Left
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About 960,000 workers filed for unemployment insurance last week, which marks the first time that initial claims dipped below one million since mid-March, when the coronavirus pandemic first took hold and economic lockdowns forced workers home.
The weekly claims figure for the week ending Aug. 8 dropped fell below the 1.18 million claims from last week, but remains well above historic highs. The pre-pandemic record for initial weekly claims was 695,000, from 1982, another recession.
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