2.4 Million Americans Filed for Jobless Claims Last Week

Headline Roundup May 21st, 2020

American workers filed another 2.4 million unemployment claims last week, continuing the record high filings since the economic fallout from the coronavirus pandemic began.

States vary in the level of demand they are likely to see based on the composition of their labor force.

2.4 Million Americans Filed for Jobless Claims Last Week

From the Left
302
Economy and Jobs, jobless claims, unemployment benefits, coronavirus, coronavirus pandemic, job losses

Americans continue clamoring for aid as a fight has broken out in Washington about whether to renew expanded benefits past July

President Trump and top Republican lawmakers are mounting fresh opposition to extending enhanced unemployment benefits to the millions of Americans who are still out of work, even as the administration released new jobless figures Thursday showing 2.4 million Americans sought benefits last week.

The reluctance by the White House and top GOP leaders drew sharp rebukes from congressional Democrats, who argue the coronavirus outbreak threatens to further ravage the...

Read full story
From the Right
302

The number of jobless workers who applied for unemployment benefits last week was 2.4 million, the Labor Department reported Thursday.

Economists had projected 2.4 million new jobless claims.

The number of workers seeking aid remains historically high but has dropped considerably from the nearly 7 million claims that were filed the week ending March 28. Still, losing millions of jobs a week for weeks at a time was unheard of before the pandemic, and some economists expected that jobless claims would drop more precipitously. Ian Shepherdson, chief economist at Pantheon...

Read full story
From the Center
302

Millions more Americans applied for unemployment benefits last week, indicating major job losses are continuing two months after the coronavirus pandemic started shuttering businesses.

Initial jobless claims for regular state programs totaled 2.44 million in the week ended May 16, Labor Department figures showed Thursday. The prior week’s figure was revised down by 294,000 to 2.69 million after a clerical error by Connecticut labor officials inflated the overall nationwide figure. The median estimate in a Bloomberg survey of economists called for 2.4 million claims in the latest week.

Initial claims...

Read full story