Unemployment claims jumped last week as coronavirus cases surge nationwide.

Posted on AllSides November 25th, 2020
From The Left
Economy and Jobs, jobless claims, unemployment benefits, coronavirus surge, layoffs

Applications for unemployment benefits rose for the second week in a row last week, the latest sign that the nationwide surge in coronavirus cases is threatening to undermine the economic recovery.

More than 827,000 people filed first-time applications for state unemployment benefits last week, the Labor Department said Wednesday. That was up 78,000 from a week earlier, before adjusting for seasonal patterns, and more than 100,000 from the first week of November, when weekly filings hit their lowest level since pandemic-induced layoffs began last spring.

Another 312,000 people filed for...

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https://www.nytimes.com/live/2020/11/25/business/us-economy-coronavirus

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